Parker Drilling Co (Parker Drilling Co) Interest Expense : $-21.2 Mil (TTM As of Dec. 2019)

View and export this data going back to 2019. Start your Free Trial

What is Parker Drilling Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Parker Drilling Co's interest expense for the three months ended in Dec. 2019 was $ -6.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2019 was $-21.2 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. Parker Drilling Co's Operating Income for the three months ended in Dec. 2019 was $ 5.1 Mil. Parker Drilling Co's Interest Expense for the three months ended in Dec. 2019 was $ -6.1 Mil. Parker Drilling Co's Interest Coverage for the quarter that ended in Dec. 2019 was 0.83. 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.

Parker Drilling Co Interest Expense Historical Data

The historical data trend for Parker Drilling Co'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.

* Premium members only.

Parker Drilling Co Interest Expense Chart

Parker Drilling Co Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Expense

Get a 7-Day Free Trial

-45.16

-45.81

-44.23

-42.57

-21.18

Parker Drilling Co Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Interest Expense	Get a 7-Day Free Trial															-8.78	-0.27	-7.66	-7.12	-6.12

Parker Drilling Co 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-21.2 Mil.

Parker Drilling Co (OTCPK:PKDC) 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.

Parker Drilling Co's Interest Expense for the three months ended in Dec. 2019 was $-6.1 Mil. Its Operating Income for the three months ended in Dec. 2019 was $5.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2019 was $177.9 Mil.

Parker Drilling Co's Interest Coverage for the quarter that ended in Dec. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2019 )	/	Interest Expense (Q: Dec. 2019 )
	=	-1	*	5.088	/	-6.121
	=	0.83

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

Parker Drilling Co (Parker Drilling Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parker Drilling Co (OTCPK:PKDC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Greenway Plaza, Suite 100, Houston, TX, USA, 77046

Website

https://www.parkerdrilling.com

Parker Drilling Co is a provider of contract drilling and drilling-related services as well as rental tools and services. It reports its Drilling Services business into two segments namely U.S. (Lower 48) Drilling and International & Alaska Drilling. For Rental Tools Services business reports two segments namely U.S. Rental Tools and International Rental Tools. In the Drilling Services business, the company drill oil, natural gas, and geothermal wells. In Rental business, it provides rental equipment and services to exploration & production companies, drilling contractors and service companies on land and offshore in the United States.