Comfort Systems USA (Comfort Systems USA) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Comfort Systems USA 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. Comfort Systems USA's Operating Income for the three months ended in Dec. 2023 was $120 Mil. Comfort Systems USA's Interest Expense for the three months ended in Dec. 2023 was $1 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 Comfort Systems USA's Interest Coverage or its related term are showing as below:

FIX' s Interest Coverage Range Over the Past 10 Years
Min: 19.24 Med: 45.84 Max: 124.36
Current: 46.9

FIX's Interest Coverage is ranked better than
77.95% of 1261 companies
in the Construction industry
Industry Median: 7.08 vs FIX: 46.90

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

Comfort Systems USA Interest Coverage Historical Data

The historical data trend for Comfort Systems USA'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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Comfort Systems USA Interest Coverage Chart

Comfort Systems USA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

19.24

26.99

37.54

20.85

46.90

Comfort Systems USA 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															23.87	17.27	23.35	71.35	-

Competitive Comparison of Comfort Systems USA's Interest Coverage

For the Engineering & Construction subindustry, Comfort Systems USA'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.

Comfort Systems USA's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Comfort Systems USA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Comfort Systems USA's Interest Coverage falls into.

Comfort Systems USA 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.

Comfort Systems USA'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, Comfort Systems USA's Interest Expense was $-9 Mil. Its Operating Income was $416 Mil. And its Long-Term Debt & Capital Lease Obligation was $227 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	416.086	/	-8.872
	=	46.90

Comfort Systems USA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Comfort Systems USA's Interest Expense was $1 Mil. Its Operating Income was $120 Mil. And its Long-Term Debt & Capital Lease Obligation was $227 Mil.

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

Comfort Systems USA (NYSE:FIX) 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 .

Comfort Systems USA Interest Coverage Related Terms

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

Comfort Systems USA (Comfort Systems USA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Comfort Systems USA Inc (NYSE:FIX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

9CF:Germany 9CF:Germany

Address

675 Bering Drive, Suite 400, Houston, TX, USA, 77057

Website

https://www.comfortsystemsusa.com

Comfort Systems USA Inc provides comprehensive mechanical contracting services, including heating, ventilation, & air conditioning, or HVAC; plumbing; piping & controls; construction; and other electrical components. Projects are mainly for commercial, industrial, & institutional buildings, & tend to be geared toward HVAC. Revenue is roughly split between installation services for newly constructed facilities & maintenance services for existing buildings. The company installs & repairs products and systems throughout the United States. It operates in two segments, Mechanical services & Electrical services, the majority is from the Mechanical services segment.

Executives

Skidmore Constance Ellen	director	675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Rhoman J Hardy	director	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
William J Sandbrook	director	C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
Vance W Tang	director	C/O KONE INC., 4225 NAPERVILLE ROAD, SUITE 400, LISLE IL 60532
Laura Finley Howell	officer: VP, General Counsel, Secretary	675 BERING DRIVE SUITE 400, HOUSTON TX 77057
Franklin Myers	director	C/O CAMERON INT'L CORPORATION, 1333 WEST LOOP S. #1700, HOUSTON TX 77027
Brian E. Lane	officer: President / CEO	COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Julie Shaeff	officer: Chief Accounting Officer	COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Cindy L. Wallis-lage	director	C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
William Iii George	officer: Chief Financial Officer	675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Herman E Bulls	director	JONES LANG LASALLE, 1801 K STREET NW SUITE 1000, WASHINGTON DC 20006
T Mckenna Trent	officer: VP, General Counsel & Secy	C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Darcy Anderson	director	C/O PEROT SYSTEMS CORP, 2300 WEST PLANO PKWY, PLANO TX 75075
Pablo G. Mercado,	director	920 MEMORIAL CITY WAY, SUITE 800, HOUSTON TX 77024
Alan Krusi	director	AECOM, 555 SOUTH FLOWER ST. 37TH FLOOR, LOS ANGELES CA 90071