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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. Trecora Resources's Operating Income for the three months ended in Mar. 2022 was $0.1 Mil. Trecora Resources's Interest Expense for the three months ended in Mar. 2022 was $-0.3 Mil. Trecora Resources's interest coverage for the quarter that ended in Mar. 2022 was 0.47. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Trecora Resources'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 Trecora 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.
Trecora Resources Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 6.24 | 1.11 | 2.59 | 1.18 | - |
Trecora Resources Quarterly Data | ||||||||||||||||||||
Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
Interest Coverage | Get a 7-Day Free Trial | - | 10.51 | - | - | 0.47 |
For the Specialty Chemicals subindustry, Trecora 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.
For the Chemicals industry and Basic Materials sector, Trecora Resources's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Trecora Resources'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.
Trecora Resources's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as
Here, for the fiscal year that ended in Dec. 2021, Trecora Resources's Interest Expense was $-1.2 Mil. Its Operating Income was $-3.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $42.6 Mil.
Trecora Resources did not have earnings to cover the interest expense. |
Trecora Resources's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as
Here, for the three months ended in Mar. 2022, Trecora Resources's Interest Expense was $-0.3 Mil. Its Operating Income was $0.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $40.9 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2022 ) | / | Interest Expense (Q: Mar. 2022 ) |
= | -1 | * | 0.132 | / | -0.283 | |
= | 0.47 |
* 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.
Trecora Resources (NYSE:TREC) 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 Trecora Resources's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Temnein Ventures Iii, L.p. | other: Former 10% owner | 450 PARK AVENUE, SUITE 2700 NEW YORK NY 10022 |
Ortelius Advisors, L.p. | other: Former 10% owner | 450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022 |
Peter Desorcy | other: Former 10% owner | 450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022 |
Pangaea Ventures, L.p. | other: Former 10% owner | 450 PARK AVENUE, SUITE 2700, NEW YORK NY 10022 |
Rafael Pons | officer: Chief Manufacturing Officer | C/O TRECORA RESOURCES 1650 HWY 6 S SUITE 190 SUGARLAND TX 77478 |
Michael W Silberman | officer: General Counsel and Secretary | 5915 CHARLESTOWN DR DALLAS TX 75230 |
Patrick D. Quarles | director | C/O LYONDELLBASELL INDUSTRIES N.V., STATIONSPLEIN 45, ROTTERDAM P7 3013AK |
Nicholas Carter | director, officer: Executive Chairman | 7760 ROSEWOOD LUMBERTON TX 77657 |
Janet Skogan Roemer | director | 55 CAMBRIDGE PKWY, 8TH FLOOR CAMBRIDGE MA 01242 |
Al Athel Fahad Mohammed Saleh | 10 percent owner | PO BOX 4900 RIYADH 11412 SAUDI ARABIA |
Karen A. Twitchell | director | 9 COURTLANDT PLACE, HOUSTON TX 77006 |
Adam C Peakes | director | 13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478 |
Joseph Michael Tanner | officer: SVP Commercial | 86 POWDER CREEK TRAIL ARDEN NC 28704 |
Sami Ahmad | officer: CFO | 1 DUNNAM LANE HOUSTON TX 77024 |
John Richard Townsend | officer: Chief Manufacturing Officer | 2132 WOODCHASE BLVD BATON ROUGE LA 70808 |
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