Energy XXI Gulf Coast (Energy XXI Gulf Coast) Interest Coverage : 0 (At Loss) (As of Jun. 2018)

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What is Energy XXI Gulf Coast Interest Coverage?

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. Energy XXI Gulf Coast's Operating Income for the three months ended in Jun. 2018 was $-4.8 Mil. Energy XXI Gulf Coast's Interest Expense for the three months ended in Jun. 2018 was $-3.3 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 Energy XXI Gulf Coast's Interest Coverage or its related term are showing as below:

EGC's Interest Coverage is not ranked ^*
in the Oil & Gas industry.
Industry Median: 6.59
* Ranked among companies with meaningful Interest Coverage only.

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

Energy XXI Gulf Coast Interest Coverage Historical Data

The historical data trend for Energy XXI Gulf Coast'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.

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Energy XXI Gulf Coast Interest Coverage Chart

Energy XXI Gulf Coast Annual Data

Trend

Jun14

Jun15

Jun16

Dec17

Interest Coverage

1.34

Energy XXI Gulf Coast Quarterly Data
	Jun14	Jun15	Jun16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
Interest Coverage	Get a 7-Day Free Trial					-	-	-	-	-

Competitive Comparison of Energy XXI Gulf Coast's Interest Coverage

For the Oil & Gas E&P subindustry, Energy XXI Gulf Coast'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.

Energy XXI Gulf Coast's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Energy XXI Gulf Coast's Interest Coverage falls into.

Energy XXI Gulf Coast 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.

Energy XXI Gulf Coast's Interest Coverage for the fiscal year that ended in Dec. 2017 is calculated as

Here, for the fiscal year that ended in Dec. 2017, Energy XXI Gulf Coast's Interest Expense was $-14.8 Mil. Its Operating Income was $-63.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $74.0 Mil.

Energy XXI Gulf Coast did not have earnings to cover the interest expense.

Energy XXI Gulf Coast's Interest Coverage for the quarter that ended in Jun. 2018 is calculated as

Here, for the three months ended in Jun. 2018, Energy XXI Gulf Coast's Interest Expense was $-3.3 Mil. Its Operating Income was $-4.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $58.4 Mil.

Energy XXI Gulf Coast did not have earnings to cover the interest expense.

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

Energy XXI Gulf Coast (NAS:EGC) 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 .

Energy XXI Gulf Coast Interest Coverage Related Terms

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

Energy XXI Gulf Coast (Energy XXI Gulf Coast) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Energy XXI Gulf Coast Inc (NAS:EGC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.energyxxi.com

Energy XXI Gulf Coast Inc is is engaged in the development, exploitation and acquisition of oil and natural gas properties in conventional oil and gas assets in the U.S. Gulf Coast region, both offshore in the Gulf of Mexico and onshore in Louisiana and Texas.

Executives

Douglas E Brooks	director, officer: President and CEO	707 - 17TH STREET, SUITE 3600, DENVER CO 80202
Charles W Wampler	director	920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024
Gabriel L Ellisor	director	920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024
Marguerite Woung-chapman	officer: Senior VP and General Counsel	1001 LOUISIANA, HOUSTON TX 77002
Tiffany Thom Cepak	officer: Chief Financial Officer	C/O PATTERSON-UTI ENERGY, INC., 10713 WEST SAM HOUSTON PARKWAY NORTH, SU, HOUSTON TX 77064
Gary C Hanna	director
Michael S Bahorich	director
Scott M Heck	officer: Chief Operating Officer	C/O AMERADA HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Swent James W Iii	director	C/O SOUTHCROSS ENERGY PARTNERS, L.P., 1717 MAIN STREET, SUITE 5200, DALLAS TX 75201
Michael Reddin	director	C/O MIDSTATES PETROLEUM COMPANY, INC., 321 SOUTH BOSTON AVENUE, SUITE 1000, TULSA OK 74103
Steven J Pully	director	9800 RICHMOND AVE, SUITE 700, HOUSTON TX 77042
Hugh A Menown	officer: Executive VP, Interim CFO, CAO	808 TRAVIS, SUITE 850, HOUSTON TX 77002
Oaktree Capital Group Holdings Gp, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp I, L.p.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Value Opportunities Fund Gp Ltd.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071