Evolve Transition Infrastructure LP (Evolve Transition Infrastructure LP) Interest Coverage : 0 (At Loss) (As of Sep. 2023)

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What is Evolve Transition Infrastructure LP Interest Coverage?

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 by its Interest Expense. Evolve Transition Infrastructure LP's Operating Income for the three months ended in Sep. 2023 was $-3.86 Mil. Evolve Transition Infrastructure LP's Interest Expense for the three months ended in Sep. 2023 was $-16.69 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Evolve Transition Infrastructure LP's Interest Coverage or its related term are showing as below:

SNMP's Interest Coverage is not ranked ^*
in the Oil & Gas industry.
Industry Median: 6.72
* Ranked among companies with meaningful Interest Coverage only.

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

Evolve Transition Infrastructure LP Interest Coverage Historical Data

The historical data trend for Evolve Transition Infrastructure LP's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Evolve Transition Infrastructure LP Interest Coverage Chart

Evolve Transition Infrastructure LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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0.94

0.31

0.10

0.02

Evolve Transition Infrastructure LP Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															-	-	-	0.08	-

Competitive Comparison of Evolve Transition Infrastructure LP's Interest Coverage

For the Oil & Gas Midstream subindustry, Evolve Transition Infrastructure LP's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Evolve Transition Infrastructure LP's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Evolve Transition Infrastructure LP's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Evolve Transition Infrastructure LP's Interest Coverage falls into.

Evolve Transition Infrastructure LP Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

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

Evolve Transition Infrastructure LP's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Evolve Transition Infrastructure LP's Interest Expense was $-55.23 Mil. Its Operating Income was $1.21 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.77 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	1.213	/	-55.23
	=	0.02

Evolve Transition Infrastructure LP's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, Evolve Transition Infrastructure LP's Interest Expense was $-16.69 Mil. Its Operating Income was $-3.86 Mil. And its Long-Term Debt & Capital Lease Obligation was $18.10 Mil.

Evolve Transition Infrastructure LP did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's Financial Strength is.

Evolve Transition Infrastructure LP (AMEX:SNMP) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Evolve Transition Infrastructure LP Interest Coverage Related Terms

Thank you for viewing the detailed overview of Evolve Transition Infrastructure LP's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Evolve Transition Infrastructure LP (Evolve Transition Infrastructure LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Evolve Transition Infrastructure LP (AMEX:SNMP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1360 Post Oak Boulevard, Suite 2400, Houston, TX, USA, 77056

Website

https://www.evolvetransition.com

Evolve Transition Infrastructure LP is focused on the acquisition, development, and ownership of infrastructure critical to the transition of energy supply to lower carbon sources. It owns natural gas gathering systems, pipelines, and processing facilities in South Texas and continues to pursue energy transition infrastructure opportunities. It generates revenue from Gathering and transportation lease revenues.

Executives

Stonepeak Gp Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Holdings Lp	10 percent owner, other: See Remarks	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Upper Holdings Lp	10 percent owner, other: See Remarks	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Holdings Manager Llc	10 percent owner, other: See Remarks	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
David D Kinder	director	510 BERING DRIVE, SUITE 220, HOUSTON TX 77057
Michael A Heim	director	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Michael A. Keuss	officer: President / Chief Oper. Off.	1360 POST OAK BLVD., SUITE 2400, HOUSTON TX 77056
Randall L. Gibbs	director, officer: Chief Executive Officer	1360 POST OAK BLVD., SUITE 2400, HOUSTON TX 77056
Hartigan Jonathan C. M.	officer: President / Chief Invest. Off.	1360 POST OAK BLVD., SUITE 2400, HOUSTON TX 77056
Gerald F Willinger	director	1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Stonepeak Texas Midstream Holdco Llc	10 percent owner, other: See Remarks	550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Sanchez Antonio R Iii	director, 10 percent owner	1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Michael Bricker	director	55 HUDSON YARDS, 550 W 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Sp Common Equity Subsidiary Llc	10 percent owner	1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Steen John T Iii	director	55 HUDSON YARDS, 550 W 34TH STREET, 48TH FLOOR, NEW YORK NY 10001