Paratus Energy Services (OSL:PLSV) Interest Coverage : 0.46 (As of Dec. 2024)

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What is Paratus Energy Services 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. Paratus Energy Services's Operating Income for the three months ended in Dec. 2024 was kr92 Mil. Paratus Energy Services's Interest Expense for the three months ended in Dec. 2024 was kr-201 Mil. Paratus Energy Services's interest coverage for the quarter that ended in Dec. 2024 was 0.46. 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. Paratus Energy Services Ltd interest coverage is 1.07, which is low.

The historical rank and industry rank for Paratus Energy Services's Interest Coverage or its related term are showing as below:

OSL:PLSV' s Interest Coverage Range Over the Past 10 Years
Min: 0.53 Med: 0.55 Max: 1.07
Current: 1.07

OSL:PLSV's Interest Coverage is ranked worse than
92.22% of 720 companies
in the Oil & Gas industry
Industry Median: 5.695 vs OSL:PLSV: 1.07

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

Paratus Energy Services Interest Coverage Historical Data

The historical data trend for Paratus 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.

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Paratus Energy Services Interest Coverage Chart

Paratus Energy Services Annual Data

Trend

Dec22

Dec23

Dec24

Interest Coverage

0.53

0.55

1.00

Paratus Energy Services Quarterly Data
	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial			0.57	1.16	1.46	1.23	0.46

Competitive Comparison of Paratus Energy Services's Interest Coverage

For the Oil & Gas Drilling subindustry, Paratus 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.

Paratus Energy Services's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Paratus Energy Services's Interest Coverage falls into.

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Paratus Energy Services 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.

Paratus Energy Services's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Paratus Energy Services's Interest Expense was kr-921 Mil. Its Operating Income was kr917 Mil. And its Long-Term Debt & Capital Lease Obligation was kr7,770 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	916.707	/	-921.195
	=	1.00

Paratus Energy Services's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Paratus Energy Services's Interest Expense was kr-201 Mil. Its Operating Income was kr92 Mil. And its Long-Term Debt & Capital Lease Obligation was kr7,770 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	92.007	/	-200.845
	=	0.46

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

Paratus Energy Services (OSL:PLSV) 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 .

Paratus Energy Services Interest Coverage Related Terms

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

Paratus Energy Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Paratus Energy Services Ltd (OSL:PLSV) » Definitions » Interest Coverage

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Traded in Other Exchanges

U6N:Germany

Address

14 Par-La-Ville Road, Par-La-Ville Place, Hamilton, BMU, HM 08

Website

https://www.paratus-energy.com

Paratus Energy Services Ltd is a holding company. Through its subsidiaries, It operates as a drilling contractor that owns and operates five jack-up drilling units located in Mexico. It owns five jack-up rigs: West Intrepid, West Defender, West Courageous, West Oberon, and West Titania. Its other subsidiaries have a business that owns and operates six multipurpose pipelaying service vessels (PLSV) and is an oilfield service company that specializes in drilling and well services.

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