Select Energy Services (Select Energy Services) Interest Expense : $-4.18 Mil (TTM As of Mar. 2024)

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What is Select Energy Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Select Energy Services's interest expense for the three months ended in Mar. 2024 was $ -1.27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-4.18 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. Select Energy Services's Operating Income for the three months ended in Mar. 2024 was $ 7.44 Mil. Select Energy Services's Interest Expense for the three months ended in Mar. 2024 was $ -1.27 Mil. Select Energy Services's Interest Coverage for the quarter that ended in Mar. 2024 was 5.85. 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.

Select Energy Services Interest Expense Historical Data

The historical data trend for Select Energy Services'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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Select Energy Services Interest Expense Chart

Select Energy Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.69

-2.14

-1.71

-2.70

-4.39

Select Energy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-1.48	-2.04	-0.77	-0.10	-1.27

Select 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.18 Mil.

Select Energy Services (OTCPK:SLESZ) 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.

Select Energy Services's Interest Expense for the three months ended in Mar. 2024 was $-1.27 Mil. Its Operating Income for the three months ended in Mar. 2024 was $7.44 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $114.67 Mil.

Select Energy Services's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	7.439	/	-1.272
	=	5.85

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

Select Energy Services (Select Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Select Energy Services Inc (OTCPK:SLESZ) » Definitions » Interest Expense

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WTTR:USA 18RA:Germany

Address

1233 West Loop South, Suite 1400, Houston, TX, USA, 77027

Website

https://www.selectenergy.com

Select Water Solutions Inc provides sustainable water and chemical solutions to the energy industry. These solutions are supported by the company's critical water infrastructure assets, chemical manufacturing, and water treatment and recycling capabilities.