VOC (VOC Energy Trust) Interest Coverage : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is VOC Energy Trust 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. VOC Energy Trust's Operating Income for the three months ended in Sep. 2024 was $3.06 Mil. VOC Energy Trust's Interest Expense for the three months ended in Sep. 2024 was $0.00 Mil. VOC Energy Trust has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

VOC Energy Trust has no debt.

(1) 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.

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

VOC' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

VOC's Interest Coverage is ranked better than
99.86% of 727 companies
in the Oil & Gas industry
Industry Median: 6.06 vs VOC: No Debt

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

VOC Energy Trust Interest Coverage Historical Data

The historical data trend for VOC Energy Trust'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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VOC Energy Trust Interest Coverage Chart

VOC Energy Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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No Debt

VOC Energy Trust Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of VOC Energy Trust's Interest Coverage

For the Oil & Gas E&P subindustry, VOC Energy Trust'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.

VOC Energy Trust's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where VOC Energy Trust's Interest Coverage falls into.

VOC Energy Trust 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.

VOC Energy Trust's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, VOC Energy Trust's Interest Expense was $0.00 Mil. Its Operating Income was $15.22 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

VOC Energy Trust had no debt ⁽¹⁾.

VOC Energy Trust's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, VOC Energy Trust's Interest Expense was $0.00 Mil. Its Operating Income was $3.06 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

VOC Energy Trust had no debt ⁽¹⁾.

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

VOC Energy Trust (NYSE:VOC) 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 .

VOC Energy Trust Interest Coverage Related Terms

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VOC Energy Trust Business Description

Industry

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Address

601 Travis Street, Floor 16, Houston, TX, USA, 77002

Website

https://voc.q4web.com

VOC Energy Trust is a statutory trust. It is created to acquire and hold a term net profits interest for the benefit of the Trust unitholders. The underlying properties include VOC Brazos' net interests which are located in the states of Kansas and Texas. The trust is entitled to receive most of the net proceeds from the sale of production of oil and natural gas attributable to the underlying properties. The business and affairs of the Trust are managed by the Trustee, and neither VOC Brazos nor any of its affiliates has the ability to manage or influence the operations of the Trust.