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Mach Natural Resources LP (Mach Natural Resources LP) Interest Coverage

: 19.01 (As of Dec. 2023)
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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Mach Natural Resources LP's Operating Income for the three months ended in Dec. 2023 was $101.9 Mil. Mach Natural Resources LP's Interest Expense for the three months ended in Dec. 2023 was $-5.4 Mil. Mach Natural Resources LP's interest coverage for the quarter that ended in Dec. 2023 was 19.01. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Mach Natural Resources LP's Interest Coverage or its related term are showing as below:

MNR' s Interest Coverage Range Over the Past 10 Years
Min: 25.04   Med: 93.84   Max: 107.66
Current: 25.04

MNR's Interest Coverage is ranked better than
74.04% of 759 companies
in the Oil & Gas industry
Industry Median: 6.72 vs MNR: 25.04

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mach Natural Resources LP Interest Coverage Historical Data

The historical data trend for Mach Natural Resources LP's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Mach Natural Resources LP Annual Data
Trend Dec21 Dec22 Dec23
Interest Coverage
93.84 107.66 32.06

Mach Natural Resources LP Quarterly Data
Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Interest Coverage Get a 7-Day Free Trial 132.75 74.84 N/A 40.77 19.01
Competitive Comparison

For the Oil & Gas E&P subindustry, Mach Natural Resources LP's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mach Natural Resources LP Interest Coverage Distribution

For the Oil & Gas industry and Energy sector, Mach Natural Resources LP's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Mach Natural Resources LP's Interest Coverage falls into.


Mach Natural Resources LP Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mach Natural Resources LP's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Mach Natural Resources LP's Interest Expense was $-11.2 Mil. Its Operating Income was $359.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $751.8 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*359.144/-11.201
=32.06

Mach Natural Resources LP's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Mach Natural Resources LP's Interest Expense was $-5.4 Mil. Its Operating Income was $101.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $751.8 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*101.863/-5.358
=19.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.

Mach Natural Resources LP  (NYSE:MNR) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Mach Natural Resources LP Interest Coverage Related Terms

Thank you for viewing the detailed overview of Mach Natural Resources LP's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Mach Natural Resources LP (Mach Natural Resources LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mach Natural Resources LP (NYSE:MNR) » Definitions » Interest Coverage
Comparable Companies
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Traded in Other Exchanges
N/A
Address
14201 Wireless Way, Suite 300, Oklahoma, OK, USA, 73134
Website
https://www.machresources.com
Mach Natural Resources LP is an independent upstream oil and gas company engaged in the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas.
Executives
Frank A Keating director, other: See Remarks 6100 N WESTERN AVENUE, OKLAHOMA CITY OK 73118
Giesinger Edgar R. Jr. director, other: See Remarks 1915 SANDGATE FALLS, HOUSTON TX 77062
Tom L. Ward director, 10 percent owner, officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Kevin R. White officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
William Wallace Mcmullen director, 10 percent owner, other: See Remarks 1201 LOUISIANA STREET, SUITE 3308, HOUSTON TX 77002
Bayou City Energy Management Llc 10 percent owner 1201 LOUISIANA STREET, SUITE 3308, HOUSTON TX 77002
Reineke Daniel T Jr. officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Michael E Reel officer: See Remarks, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Stephen C Perich director, other: See Remarks C/O MACH NATURAL RESOURCES, 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134
Bce-mach Aggregator Llc 10 percent owner 14201 WIRELESS WAY, SUITE 300, OKLAHOMA CITY OK 73134