CKX Lands (CKX Lands) Interest Coverage

: No Debt ⁽¹⁾ (As of Dec. 2023)

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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. CKX Lands's Operating Income for the three months ended in Dec. 2023 was $0.36 Mil. CKX Lands's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. CKX Lands has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

CKX Lands Inc has no debt.

(1) 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.

The historical rank and industry rank for CKX Lands's Interest Coverage or its related term are showing as below:

CKX' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

CKX's Interest Coverage is ranked better than
99.87% of 760 companies
in the Oil & Gas industry
Industry Median: 6.67 vs CKX: No Debt

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

CKX Lands Interest Coverage Historical Data

The historical data trend for CKX Lands'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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CKX Lands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

No Debt

CKX Lands Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the Oil & Gas E&P subindustry, CKX Lands'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.

CKX Lands Interest Coverage Distribution

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

* The bar in red indicates where CKX Lands's Interest Coverage falls into.

CKX Lands 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.

CKX Lands'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, CKX Lands's Interest Expense was $0.00 Mil. Its Operating Income was $-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

CKX Lands had no debt ⁽¹⁾.

CKX Lands's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, CKX Lands's Interest Expense was $0.00 Mil. Its Operating Income was $0.36 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

CKX Lands had no debt ⁽¹⁾.

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

CKX Lands (AMEX:CKX) 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 .

CKX Lands Interest Coverage Related Terms

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

CKX Lands (CKX Lands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CKX Lands Inc (AMEX:CKX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

2417 Shell Beach Drive, Lake Charles, LA, USA, 70601

Website

https://www.ckxlands.com

CKX Lands Inc is a Louisiana corporation organized to receive non-producing mineral royalties spun off by a southwest Louisiana bank. It operates in three segments: Oil and Gas, Surface, and Timber. The company owns land and mineral interests and collects income through its ownership in the form of oil and gas royalties, surface leases for farming, the right of way and other uses, and timber sales. The company's oil and gas royalties are paid by the operators who own the wells and timber income is paid by the highest bidder for the timber.

Executives

Max H. Hart	director	P.O. BOX 1700, OPELOUSAS LA 70571
William Gray Stream	director	2417 SHELL BEACH DRIVE, LAKE CHARLES LA 70601
Daniel J Englander	director	C/O AMERICA'S CARMART, 802 SOUTHEAST PLAZA AVE #200, BENTONVILLE AR 72712
Scott Adams Stepp	officer: Chief Financial Officer	2417 SHELL BEACH DRIVE, LAKE CHARLES LA 70601
Lane T Lamure	director	POST OFFICE BOX 11941, JACKSON WY 83002
Ellington Edward Moreland Ii	director	1232 CYPRESS HARBOR DRIVE, LAKE CHARLES LA 70605
Lee W. Boyer	director	127 W. BROAD ST., 4TH FLOOR, LAKE CHARLES LA 70601
Donald Keith Duplechin	director	131 STATE STREET, LAKE CHARLES LA 70605
Ottley Properties, Llc	10 percent owner	337 METAIRIE ROAD, SUITE 202, METAIRIE LA 70005
Minvielle Iv Eugene T	director	P.O. BOX 51684, LAFAYETTE LA 70505
Lee Bert Appleberry	director	315 NORTH WILCREST DRIVE, HOUSTON TX 77079
Charles D Viccellio	director, officer: Vice President & Secretary	4113 BEAU CHENE DRIVE, LAKE CHARLES LA 70605
Elizabeth Brooks Hollins	director	1128 BIRDNEST ROAD, LAKE CHARLES X1 70611
Michael B White	10 percent owner	337 METAIRIE ROAD, SUITE 202, METAIRIE LA 70005
Mary W Savoy	director	1407 ALVIN STREET, LAKE CHARLES LA 70601

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