CSI Compressco LP (CSI Compressco LP) Interest Coverage : 1.01 (As of Dec. 2023)

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What is CSI Compressco 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. CSI Compressco LP's Operating Income for the three months ended in Dec. 2023 was $13.6 Mil. CSI Compressco LP's Interest Expense for the three months ended in Dec. 2023 was $-13.4 Mil. CSI Compressco LP's interest coverage for the quarter that ended in Dec. 2023 was 1.01. 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. CSI Compressco LPs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

CCLP' s Interest Coverage Range Over the Past 10 Years
Min: 0.24 Med: 0.61 Max: 2.46
Current: 0.94

CCLP's Interest Coverage is not ranked
in the Oil & Gas industry.
Industry Median: 6.79 vs CCLP: 0.94

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

CSI Compressco LP Interest Coverage Historical Data

The historical data trend for CSI Compressco 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.

* Premium members only.

CSI Compressco LP Interest Coverage Chart

CSI Compressco LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

0.61

0.24

0.25

0.71

0.94

CSI Compressco LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															0.87	0.81	0.87	1.08	1.01

Competitive Comparison of CSI Compressco LP's Interest Coverage

For the Oil & Gas Equipment & Services subindustry, CSI Compressco 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.

CSI Compressco LP's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where CSI Compressco LP's Interest Coverage falls into.

CSI Compressco 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.

CSI Compressco LP's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, CSI Compressco LP's Interest Expense was $-53.9 Mil. Its Operating Income was $50.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $648.1 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	50.711	/	-53.899
	=	0.94

CSI Compressco LP's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, CSI Compressco LP's Interest Expense was $-13.4 Mil. Its Operating Income was $13.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $648.1 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	13.622	/	-13.427
	=	1.01

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

CSI Compressco LP (NAS:CCLP) 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 .

CSI Compressco LP Interest Coverage Related Terms

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

CSI Compressco LP (CSI Compressco LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CSI Compressco LP (NAS:CCLP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1735 Hughes Landing Boulevard, Suite 200, The Woodlands, TX, USA, 77380

Website

https://www.csicompressco.com

CSI Compressco LP is a limited partnership operating in the U.S. The company is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. It sells standard and custom-designed compressor packages and oil field fluid pump systems and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers. In addition, the company provides compression services and equipment to natural gas and oil exploration and production, midstream, and transmission companies. The majority of the company's revenue comes from the United States.

Executives

James R Larson	director	CSI COMPRESSCO LP, 1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Joseph P. Mcelroy	director	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
John Earl Jackson	director, officer: Chief Executive Officer	12001 NORTH HOUSTON ROSSLYN, HOUSTON TX 77086
Michael James Tucker	director	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Jonathan W. Byers	director, officer: Chief Financial Officer	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Riplee L Parkening	officer: Controller	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Rodney P Pruski	officer: Vice President of Operations	1735 HUGHES LANDING BOULEVARD, SUITE 200, THE WOODLANDS TX 77380
Stephen R. Gill	director	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Spartan Energy Partners Gp Llc	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Spartan Energy Partners Lp	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Derek J Anchondo	officer: Assistant General Counsel	1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Robert Wesley Price	director, officer: Chief Operating Officer	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380
Denise Essenberg	director	1735 HUGHES LANDING BLVD STE 200, THE WOODLANDS TX 77380
Ted A Gardner	director	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Spartan Energy Holdco Llc	10 percent owner	9595 SIX PINES DRIVE, SUITE 4000, THE WOODLANDS TX 77380