Nine Energy Service (Nine Energy Service) Interest Expense : $-51.1 Mil (TTM As of Dec. 2023)

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What is Nine Energy Service Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nine Energy Service's interest expense for the three months ended in Dec. 2023 was $ -12.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-51.1 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. Nine Energy Service's Operating Income for the three months ended in Dec. 2023 was $ 2.9 Mil. Nine Energy Service's Interest Expense for the three months ended in Dec. 2023 was $ -12.8 Mil. Nine Energy Service's Interest Coverage for the quarter that ended in Dec. 2023 was 0.23. 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.

Nine Energy Service Interest Expense Historical Data

The historical data trend for Nine Energy Service'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.

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Nine Energy Service Interest Expense Chart

Nine Energy Service Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-39.77

-36.76

-32.53

-32.49

-51.12

Nine Energy Service Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-8.15	-12.45	-12.99	-12.86	-12.81

Nine Energy Service 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-51.1 Mil.

Nine Energy Service (NYSE:NINE) 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.

Nine Energy Service's Interest Expense for the three months ended in Dec. 2023 was $-12.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was $2.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $353.1 Mil.

Nine Energy Service's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2.917	/	-12.813
	=	0.23

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Nine Energy Service Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Nine Energy Service (Nine Energy Service) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nine Energy Service Inc (NYSE:NINE) » Definitions » Interest Expense

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NEJ:Germany

Address

2001 Kirby Drive, Suite 200, Houston, TX, USA, 77019

Website

https://www.nineenergyservice.com

Nine Energy Service Inc is a North American onshore completion and production services provider. It targets unconventional oil and gas resource development. It operates in one segment, Completion Solutions. The Completion Solutions segment offers cementing services; completion tools, including liner hangers and accessories, frac sleeves, fully composite frac plugs, and specialty open hole float equipment and centralizers and other services. It operates in the US, Canada, and other countries where most of the revenue is generated from the United States.

Executives

David Crombie	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Theodore R. Moore	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Ann G Fox	director, officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Guy Sirkes	officer: SVP and CFO	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
S. Brett Luz	officer: Chief Accounting Officer	4400 POST OAK PARKWAY, SUITE 1000, HOUSTON TX 77027
Darryl Keith Willis	director	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Warren Lynn Frazier	10 percent owner	5655 BEAR LANE, SUITE 100, CORPUS CHRISTI TX 78405
Clinton Roeder	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Scf Gp Llc	10 percent owner	600 TRAVIS STREET, SUITE 6600, HOUSTON TX 77002
Richard S. Woolston	officer: Chief Accounting Officer	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Edward Bruce Morgan	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Gary L Thomas	director	P O BOX 4362, HOUSTON TX 772104362
Scf-vii(a), G.p., Limited Partnership	10 percent owner	600 TRAVIS, SUITE 6600, HOUSTON TX 77002
Scf-vii(a), L.p.	10 percent owner	600 TRAVIS ST., STE. 6600, HOUSTON TX 77002
Curtis F. Harrell	director	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019