IRIG (Integrated Drilling Equipment Holdings) Interest Expense: $-5.92 Mil (TTM As of Dec. 2014)


What is Integrated Drilling Equipment Holdings Interest Expense?

Integrated Drilling Equipment Holdings IRIG Interest Expense is $-5.92 Mil as of Dec. 2014.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Integrated Drilling Equipment Holdings's interest expense for the three months ended in Dec. 2014 was $ -1.43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2014 was $-5.92 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. Integrated Drilling Equipment Holdings's Operating Income for the three months ended in Dec. 2014 was $ 3.65 Mil. Integrated Drilling Equipment Holdings's Interest Expense for the three months ended in Dec. 2014 was $ -1.43 Mil. Integrated Drilling Equipment Holdings's Interest Coverage for the quarter that ended in Dec. 2014 was 2.55. 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.

Integrated Drilling Equipment Holdings  (OTCPK:IRIG) Interest Expense Explanation

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. The higher, the better.

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

Integrated Drilling Equipment Holdings's Interest Expense for the three months ended in Dec. 2014 was $-1.43 Mil. Its Operating Income for the three months ended in Dec. 2014 was $3.65 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2014 was $1.47 Mil.

Integrated Drilling Equipment Holdings's Interest Coverage for the quarter that ended in Dec. 2014 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2014 )/Interest Expense (Q: Dec. 2014 )
=-1*3.648/-1.428
=2.55

* 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.

Integrated Drilling Equipment Holdings Interest Expense Historical Data

* Premium members only.

The historical data trend for Integrated Drilling Equipment Holdings's Interest Expense 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.

Integrated Drilling Equipment Holdings Interest Expense Chart

Integrated Drilling Equipment Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Interest Expense
-3.70 -1.22 -5.56 -5.92

Integrated Drilling Equipment Holdings Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
Interest Expense 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 -1.72 -1.70 -1.40 -1.40 -1.43

Integrated Drilling Equipment Holdings 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 Dec. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.92 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-5.92 Mil mean?
Integrated Drilling Equipment Holdings (IRIG) has a Interest Expense of $-5.92 Mil as of Dec. 2014. Interest Expense is the amount a company pays on its long-term debt. View historical data on Integrated Drilling Equipment Holdings and its competitors.
Is Integrated Drilling Equipment Holdings' Interest Expense too high?
Integrated Drilling Equipment Holdings' current Interest Expense is $-5.92 Mil.
How does Integrated Drilling Equipment Holdings' Interest Expense compare to ESES and TIRTZ?
Integrated Drilling Equipment Holdings' Interest Expense of $-5.92 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 Integrated Drilling Equipment Holdings and its competitors. Integrated Drilling Equipment Holdings's current Interest Expense is $-5.92 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Integrated Drilling Equipment Holdings stock overvalued right now?
Integrated Drilling Equipment Holdings (IRIG) has a current Interest Expense of $-5.92 Mil. The current Interest Expense is $-5.92 Mil. 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 Integrated Drilling Equipment Holdings (IRIG), the current Interest Expense is $-5.92 Mil as of Dec. 2014. 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.

Integrated Drilling Equipment Holdings Business Description

Industry EnergyOil & Gas
Address 25311 I-45 North, Woodpark Business Center, Spring, TX, USA, 77380
Integrated Drilling Equipment Holdings Corp provides products and services to customers in the oil and gas industry both domestically and internationally. It operates in two segments: Electrical Products & Services and Drilling Products & Services.