Archrock (Archrock) Interest Expense : $-111.5 Mil (TTM As of Dec. 2023)

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What is Archrock Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Archrock's interest expense for the three months ended in Dec. 2023 was $ -27.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-111.5 Mil.

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. Archrock's Operating Income for the three months ended in Dec. 2023 was $ 71.6 Mil. Archrock's Interest Expense for the three months ended in Dec. 2023 was $ -27.9 Mil. Archrock's Interest Coverage for the quarter that ended in Dec. 2023 was 2.56. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Archrock Interest Expense Historical Data

The historical data trend for Archrock's Interest Expense 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.

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Archrock Interest Expense Chart

Archrock Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-104.68

-105.72

-108.14

-101.26

-111.49

Archrock Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-26.38	-26.58	-28.63	-28.34	-27.94

Archrock Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-111.5 Mil.

Archrock (NYSE:AROC) Interest Expense Explanation

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

Archrock's Interest Expense for the three months ended in Dec. 2023 was $-27.9 Mil. Its Operating Income for the three months ended in Dec. 2023 was $71.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,597.1 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	71.599	/	-27.938
	=	2.56

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Archrock Inc interest coverage is 2.32, which is low.

Archrock (Archrock) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Archrock Inc (NYSE:AROC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

54E:Germany 54E:Germany

Address

9807 Katy Freeway, Suite 100, Houston, TX, USA, 77024

Website

https://www.archrock.com

Archrock Inc is an energy infrastructure company with focus on midstream natural gas compression and a commitment to helping customers produce, compress and transport natural gas. It has two business segments, Contract Operations, and Aftermarket Services. Under the umbrella of contract operations services, the company provides operations to meet customers' natural gas compression needs. Services include designing, owning, installing, operating, and maintaining equipment. Aftermarket Services business provides a full range of services to support the compression needs of customers that own compression equipment, including operations, maintenance, overhaul and reconfiguration services and sales of parts and components. It generates maximum revenue from the Contract Operations segment.

Executives

Donna A Henderson	officer: VP, Chief Accounting Officer	1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201
Jdh Capital Holdings, L.p.	10 percent owner	1111 TRAVIS STREET, SUITE 2300, HOUSTON TX 77002
Eric W Thode	officer: Vice President	9807 KATY FREEWAY, SUITE 100, HOUSTON TX 77024
Hildebrand Enterprises Co	10 percent owner	1111 TRAVIS STREET, SUITE 2300, HOUSTON TX 77002
Hildebrand Enterprises, Lp	10 percent owner	1111 TRAVIS STREET, SUITE 2300, HOUSTON TX 77002
Jdh Capital Co	10 percent owner	C/O HILCORP ENERGY COMPANY, 1111 TRAVIS, HOUSTON TX 77002
Jeffery D Hildebrand	10 percent owner	1111 TRAVIS STREET, SUITE 2300, HOUSTON TX 77002
Melinda B Hildebrand	10 percent owner	1111 TRAVIS STREET, SUITE 2300, HOUSTON TX 77002
Leonard Wayne Mallett	director	P.O. BOX 2521, HOUSTON TX 77252-2521
Jason C Rebrook	director	C/O JDH CAPITAL COMPANY, 1111 TRAVIS STREET, HOUSTON TX 77002
Doug S Aron	officer: Sr Vice President and CFO	10000 MEMORIAL DRIVE, SUITE 600, HOUSTON TX 77024-3411
Gordon T Hall	director	3300 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032-3411
D Bradley Childers	officer: Sr Vice President	DC/O UNIVERSAL COPRESSION HOLDINGS INC, 4440 BRITTMOORE ROAD, HOUSTON TX 77041
Jason Ingersoll	officer: Vice President	16666 NORTHCHASE DRIVE, HOUSTON TX 77060
Sean K Clawges	officer: Vice President	9807 KATY FREEWAY, SUITE 100, HOUSTON TX 77024