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Imperial Resources (Imperial Resources) Interest Coverage : 0 (At Loss) (As of Dec. 2012)


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What is Imperial Resources 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. Imperial Resources's Operating Income for the three months ended in Dec. 2012 was $-0.18 Mil. Imperial Resources's Interest Expense for the three months ended in Dec. 2012 was $0.09 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 Imperial Resources's Interest Coverage or its related term are showing as below:


IPRC's Interest Coverage is not ranked *
in the Oil & Gas industry.
Industry Median: 6.655
* 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.


Imperial Resources Interest Coverage Historical Data

The historical data trend for Imperial Resources'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.

Imperial Resources Interest Coverage Chart

Imperial Resources Annual Data
Trend Mar09 Mar10 Mar11 Mar12
Interest Coverage
No Debt - - -

Imperial Resources Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Imperial Resources's Interest Coverage

For the Oil & Gas E&P subindustry, Imperial Resources'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.


Imperial Resources's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Imperial Resources's Interest Coverage falls into.



Imperial Resources 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.

Imperial Resources's Interest Coverage for the fiscal year that ended in Mar. 2012 is calculated as

Here, for the fiscal year that ended in Mar. 2012, Imperial Resources's Interest Expense was $-0.45 Mil. Its Operating Income was $-0.42 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.16 Mil.

Imperial Resources did not have earnings to cover the interest expense.

Imperial Resources's Interest Coverage for the quarter that ended in Dec. 2012 is calculated as

Here, for the three months ended in Dec. 2012, Imperial Resources's Interest Expense was $0.09 Mil. Its Operating Income was $-0.18 Mil. And its Long-Term Debt & Capital Lease Obligation was $1.41 Mil.

* 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.


Imperial Resources  (OTCPK:IPRC) 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 .


Imperial Resources Interest Coverage Related Terms

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Imperial Resources (Imperial Resources) Business Description

Traded in Other Exchanges
N/A
Address
106 East 6th Street, Suite 900, Austin, TX, USA, 78701
Imperial Resources Inc has decided to focus its core activities on development and exploration of oil and gas assets in the United States through its wholly-owned subsidiary. It is an exploration stage company. It explores for asphalt, gold, and other precious metals.

Imperial Resources (Imperial Resources) Headlines

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