FLSS (Forbes Energy Services) Interest Expense: $-22.8 Mil (TTM As of Mar. 2020)

What is Forbes Energy Services Interest Expense?

Forbes Energy Services FLSS -90.00% 16 Interest Expense is $-22.8 Mil as of Mar. 2020. GuruFocus rates FLSS with a GF Score™ of 16/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Forbes Energy Services's interest expense for the three months ended in Mar. 2020 was $ -5.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2020 was $-22.8 Mil.

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. Forbes Energy Services's Operating Income for the three months ended in Mar. 2020 was $ -10.3 Mil. Forbes Energy Services's Interest Expense for the three months ended in Mar. 2020 was $ -5.8 Mil. Forbes Energy Services did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Forbes Energy Services (OTCPK:FLSS) Interest Expense Explanation

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

Forbes Energy Services's Interest Expense for the three months ended in Mar. 2020 was $-5.8 Mil. Its Operating Income for the three months ended in Mar. 2020 was $-10.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2020 was $68.8 Mil.

Forbes Energy Services's Interest Coverage for the quarter that ended in Mar. 2020 is calculated as

Forbes Energy Services did not have earnings to cover the interest expense.

* 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.

Forbes Energy Services Interest Expense Historical Data

* Premium members only.

The historical data trend for Forbes Energy Services's Interest Expense can be seen below:

Forbes Energy Services Interest Expense Chart

Forbes Energy Services Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Expense

Get a 7-Day Free Trial

-27.96

-27.88

0.00

-11.16

-24.73

Forbes Energy Services Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Interest Expense	Get a 7-Day Free Trial															-7.69	-5.72	-5.70	-5.61	-5.75

16GF Score

Forbes Energy Services Ltd FLSS

Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Forbes Energy Services Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-22.8 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of $-22.8 Mil mean?

Forbes Energy Services (FLSS) has a Interest Expense of $-22.8 Mil as of Mar. 2020. Interest Expense is the amount a company pays on its long-term debt. View historical data on Forbes Energy Services and its competitors.

Is Forbes Energy Services' Interest Expense too high?

Forbes Energy Services' current Interest Expense is $-22.8 Mil. Overall, Forbes Energy Services has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.

How does Forbes Energy Services' Interest Expense compare to CRRTQ and HOSSQ?

Forbes Energy Services' Interest Expense of $-22.8 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Interest Expense for an Oil & Gas company?

A good Interest Expense depends on the Oil & Gas industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Interest Expense mean?

A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Forbes Energy Services and its competitors. Forbes Energy Services's current Interest Expense is $-22.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Forbes Energy Services stock overvalued right now?

Forbes Energy Services (FLSS) has a current Interest Expense of $-22.8 Mil. The current Interest Expense is $-22.8 Mil. Forbes Energy Services' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Interest Expense calculated?

Interest Expense is calculated from a company's financial statements. For Forbes Energy Services (FLSS), the current Interest Expense is $-22.8 Mil as of Mar. 2020. 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.

Forbes Energy Services Business Description

Industry Energy Oil & Gas

Comparable Companies CRRTQ HOSSQ BANM SYNE SMGI ALYE SLB BKR HAL SHSE:601808 MIL:TEN XAMS:VPK NOV XKLS:7277 SZSE:002353 SHSE:600968 XPAR:FTI ASX:WOR SHSE:600583 XPAR:GTT

Address 3000 South Business Highway 281, Alice, TX, USA, 78332

Website http://www.forbesenergyservices.com

Forbes Energy Services Ltd operates as an oilfield services contractor that provides a wide range of well site services to oil and natural gas drilling and producing companies to help develop and enhance the production of oil and natural gas. The company operates in three business segments namely Well Servicing which is the key revenue driver, Coiled Tubing, and Fluid Logistics. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. Geographically, it operates in South, East, Central, and West Texas.

16GF Score

Get the complete analysis for FLSS

Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.00

Price

View FLSS Analysis

See Interest Expense data for all stocks →