ULTRF (Ultrapetrol (Bahamas)) Interest Coverage: 0.18 (As of Sep. 2016)


What is Ultrapetrol (Bahamas) Interest Coverage?

Ultrapetrol (Bahamas) ULTRF Interest Coverage is 0.18 as of Sep. 2016.

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. Ultrapetrol (Bahamas)'s Operating Income for the three months ended in Sep. 2016 was $2.3 Mil. Ultrapetrol (Bahamas)'s Interest Expense for the three months ended in Sep. 2016 was $-12.4 Mil. Ultrapetrol (Bahamas)'s interest coverage for the quarter that ended in Sep. 2016 was 0.18. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Ultrapetrol (Bahamas)'s Interest Coverage or its related term are showing as below:


ULTRF's Interest Coverage is not ranked *
in the Transportation industry.
Industry Median: 5.72
* 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.

Ultrapetrol (Bahamas)  (OTCPK:ULTRF) 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 .

Ultrapetrol (Bahamas) Interest Coverage Related Terms

Ultrapetrol (Bahamas) Interest Coverage Historical Data

* Premium members only.

The historical data trend for Ultrapetrol (Bahamas)'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.

Ultrapetrol (Bahamas) Interest Coverage Chart

Ultrapetrol (Bahamas) Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.00 1.05 0.00 0.22

Ultrapetrol (Bahamas) Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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 Premium Member Only 0.97 0.00 0.17 0.01 0.18

ULTRF vs CTRM, GLBS, TOPS: Interest Coverage Comparison

For the Marine Shipping subindustry, Ultrapetrol (Bahamas)'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.

Ultrapetrol (Bahamas) Interest Coverage vs Transportation Industry

For the Transportation industry and Industrials sector, Ultrapetrol (Bahamas)'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ultrapetrol (Bahamas)'s Interest Coverage falls into.


Ultrapetrol (Bahamas) 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.

Ultrapetrol (Bahamas)'s Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as

Here, for the fiscal year that ended in Dec. 2015, Ultrapetrol (Bahamas)'s Interest Expense was $-36.1 Mil. Its Operating Income was $7.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2015 )/Interest Expense (A: Dec. 2015 )
=-1*7.812/-36.079
=0.22

Ultrapetrol (Bahamas)'s Interest Coverage for the quarter that ended in Sep. 2016 is calculated as

Here, for the three months ended in Sep. 2016, Ultrapetrol (Bahamas)'s Interest Expense was $-12.4 Mil. Its Operating Income was $2.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2016 )/Interest Expense (Q: Sep. 2016 )
=-1*2.252/-12.403
=0.18

* 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.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 0.18 mean?
Ultrapetrol (Bahamas) (ULTRF) has a Interest Coverage of 0.18 as of Sep. 2016. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ultrapetrol (Bahamas) and its competitors.
Is Ultrapetrol (Bahamas)'s Interest Coverage too high?
Ultrapetrol (Bahamas)'s current Interest Coverage is 0.18. The Transportation industry median Interest Coverage is 5.72. Ultrapetrol (Bahamas)'s value of 0.18 is 96.9% below this industry median.
How does Ultrapetrol (Bahamas)'s Interest Coverage compare to CTRM and GLBS?
Ultrapetrol (Bahamas)'s Interest Coverage of 0.18 can be compared against companies in the Transportation industry. The industry median Interest Coverage is 5.72. Ultrapetrol (Bahamas)'s value of 0.18 is 96.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Transportation company?
The median Interest Coverage among Transportation companies is 5.72, based on 838 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ultrapetrol (Bahamas)'s current Interest Coverage of 0.18 is 96.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ultrapetrol (Bahamas) and its competitors. For the Transportation industry, the median Interest Coverage is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultrapetrol (Bahamas)'s current Interest Coverage is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultrapetrol (Bahamas) stock overvalued right now?
Ultrapetrol (Bahamas) (ULTRF) has a current Interest Coverage of 0.18. The current Interest Coverage is 0.18 and 96.9% below the Transportation industry median of 5.72. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Ultrapetrol (Bahamas) (ULTRF), the current Interest Coverage is 0.18 as of Sep. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ultrapetrol (Bahamas) Business Description

Address Ocean Centre, Montague Foreshore, P.O. Box SS -19084, East Bay Street, Nassau, BHS
Ultrapetrol (Bahamas) Ltd is an industrial shipping company which provides marine transportation services in South America, Europe, Central America, North America, and Asia. The company operates in three segments: River Business, Offshore Supply Business, and Ocean Business. The River Business segment owns and operates dry and tanker barges, and push boats in the Hidrovia region of South America. Its dry barges transport agricultural and forestry products, iron ore, and other cargoes; and tanker barges carry petroleum products, vegetable oils, and other liquids.