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. Natural Resources Partners LP's
Operating Income
for the
three
months ended in Dec. 2023 was $52.6 Mil. Natural Resources Partners LP's Interest Expense for the
three
months ended in Dec. 2023 was $-3.9 Mil.
Natural Resources Partners LP's interest coverage for the quarter that ended in Dec. 2023 was 13.40.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Natural Resources Partners LP's Interest Coverage or its related term are showing as below:
NRP'
s Interest Coverage Range Over the Past 10 Years
Min: 1.41 Med: 1.99 Max: 15.37
Current: 15.37
NRP's Interest Coverage is ranked worse than 56.59% of 129
companies
in the Other Energy Sources industry
Industry Median: 21.02
vs NRP: 15.37
Natural Resources Partners LP Interest Coverage Historical Data
The historical data trend for Natural Resources Partners 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.
For the Thermal Coal subindustry, Natural Resources Partners 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.
Natural Resources Partners LP Interest Coverage Distribution
For the Other Energy Sources industry and Energy sector, Natural Resources Partners LP's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Natural Resources Partners LP's Interest Coverage falls into.
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:
* 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.
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 .
Natural Resources Partners LP Interest Coverage Related Terms
Thank you for viewing the detailed overview of Natural Resources Partners LP's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Natural Resources Partners LP (Natural Resources Partners LP) Business Description
Natural Resources Partners LP is a diversified natural resource company. It is engaged in the business of owning, managing and leasing a diversified portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, crude oil and natural gas, construction aggregates, frac sand, and other natural resources. The company leases coal reserves to experience mine operators under long-term leases that grant the operator the right to mine its coal reserves in exchange for royalty payments. The company operates in two reportable segments namely: Mineral Rights and Soda Ash. the majority of the revenue is generated from the Mineral Rights segment. The business activity of the group functions through the United States.
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