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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. Basic Energy Services's Operating Income for the three months ended in Mar. 2021 was $-14.26 Mil. Basic Energy Services's Interest Expense for the three months ended in Mar. 2021 was $-12.02 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Basic Energy Services's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Basic Energy Services'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.
Basic Energy Services Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | - | - | - | - | - |
Basic Energy Services Quarterly Data | ||||||||||||||||||||
Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | |
Interest Coverage | Get a 7-Day Free Trial | - | - | - | 0.10 | - |
For the Oil & Gas Equipment & Services subindustry, Basic Energy Services'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.
For the Oil & Gas industry and Energy sector, Basic Energy Services's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Basic Energy Services'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:
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.
Basic Energy Services's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as
Here, for the fiscal year that ended in Dec. 2020, Basic Energy Services's Interest Expense was $-38.20 Mil. Its Operating Income was $-82.01 Mil. And its Long-Term Debt & Capital Lease Obligation was $332.26 Mil.
Basic Energy Services did not have earnings to cover the interest expense. |
Basic Energy Services's Interest Coverage for the quarter that ended in Mar. 2021 is calculated as
Here, for the three months ended in Mar. 2021, Basic Energy Services's Interest Expense was $-12.02 Mil. Its Operating Income was $-14.26 Mil. And its Long-Term Debt & Capital Lease Obligation was $335.77 Mil.
Basic Energy Services did not have earnings to cover the 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.
The higher the ratio, the stronger the company's Financial Strength is.
Basic Energy Services (OTCPK:BASWQ) 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 .
Thank you for viewing the detailed overview of Basic Energy Services's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Reeb Robert J. Iii | officer: VP and General Counsel | 801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102 |
Michael S Henry | officer: See Remarks | 801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102 |
Pedro R. Buhigas | officer: See Remarks | 801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102 |
Brandon B. Mcguire | officer: SVP, Central Region | 801 CHERRY STREET SUITE 2100 FORT WORTH TX 76102 |
Ross Solomon | director | 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171 |
Derek Jeong | director | 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171 |
Sterling Renshaw | officer: SVP, Western Region | 3990 ROGERDALE RD., HOUSTON TX 77042 |
Lawrence A. First | director | C/O ASCRIBE CAPITAL 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171 |
Ascribe Iii Investments Llc | 10 percent owner | 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171 |
Ascribe Capital Llc | 10 percent owner | 590 MADISON AVENUE 38TH FLOOR NEW YORK NY 10022 |
American Securities Llc | 10 percent owner | 590 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022 |
Keith L Schilling | director, officer: See Remarks | 24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380 |
David Scott Schorlemer | officer: See Remarks | 16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084 |
Richard Scott Wegner | officer: See Remarks | 801 CHERRY STREET, SUITE 2100, UNIT #21 FORT WORTH TX 76102 |
Adam Logan Hurley | officer: See Remarks | 801 CHERRY STREET, SUITE 2100, UNIT #21 FORT WORTH TX 76102 |
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