Tetra Technologies (Tetra Technologies) Interest Coverage

: 0.29 (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

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. Tetra Technologies's Operating Income for the three months ended in Dec. 2023 was $1.6 Mil. Tetra Technologies's Interest Expense for the three months ended in Dec. 2023 was $-5.7 Mil. Tetra Technologies's interest coverage for the quarter that ended in Dec. 2023 was 0.29. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Tetra Technologies's Interest Coverage or its related term are showing as below:

TTI' s Interest Coverage Range Over the Past 10 Years
Min: 0.55 Med: 1 Max: 2.01
Current: 2.01

TTI's Interest Coverage is ranked worse than
82.79% of 761 companies
in the Oil & Gas industry
Industry Median: 6.71 vs TTI: 2.01

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

Tetra Technologies Interest Coverage Historical Data

The historical data trend for Tetra Technologies'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.

Tetra Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

1.42

2.01

Tetra Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															0.84	2.44	3.46	1.83	0.29

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Tetra Technologies'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.

Tetra Technologies Interest Coverage Distribution

For the Oil & Gas industry and Energy sector, Tetra Technologies's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Tetra Technologies's Interest Coverage falls into.

Tetra Technologies 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.

Tetra Technologies'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, Tetra Technologies's Interest Expense was $-22.3 Mil. Its Operating Income was $44.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $185.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	44.936	/	-22.349
	=	2.01

Tetra Technologies's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Tetra Technologies's Interest Expense was $-5.7 Mil. Its Operating Income was $1.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $185.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1.624	/	-5.677
	=	0.29

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

Tetra Technologies (NYSE:TTI) 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 .

Tetra Technologies Interest Coverage Related Terms

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

Tetra Technologies (Tetra Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tetra Technologies Inc (NYSE:TTI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

TGI:Germany TGI:Germany

Address

24955 Interstate 45 North, The Woodlands, TX, USA, 77380

Website

https://www.tetratec.com

Tetra Technologies Inc is a diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. It has two reporting segments namely Completion Fluids & Products, and Water & Flowback Services. The Completion Fluids & Products Division manufactures and markets clear brine fluids, additives, and associated products and services. The Water & Flowback Services Division provides onshore oil and gas operators with comprehensive water management services.

Executives

Bates Thomas R Jr	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Christian A Garcia	director	3000 N. SAM HOUSTON PARKWAY E., BLDG. J-4, HOUSTON TX 77032
Roy Mcniven	officer: Sr. Vice President	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Matthew Sanderson	officer: Sr. Vice President	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Timothy C Moeller	officer: VP & Chief Procurement Officer	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Brady M Murphy	officer: President & COO	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Elijio V Serrano	officer: Sr. Vice President & CFO	24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380
William D Sullivan	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Mcgee Sharon D. Booth	director	24955 I-45 NORTH, THE WOODLANDS TX 77380
Richard D O'brien	officer: VP-Finance & Global Controller	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Boston Shoemake Alicia R	officer: General Counsel	24955 I-45 NORTH, THE WOODLANDS TX 77380
Shawn D. Williams	director	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Gina Luna	director	24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Wallace Bass C Jr	officer: General Counsel & Secretary	24955 INTERSTATE 45 N, THE WOODLANDS X1 77380
Mark E Baldwin	director	TETRA TECHNOLOGIES, INC., 24955 I 45 N, THE WOODLANDS TX 77380