KLX Energy Services Holdings (KLX Energy Services Holdings) Interest Coverage : 0.22 (As of Dec. 2023)

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What is KLX Energy Services Holdings 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. KLX Energy Services Holdings's Operating Income for the three months ended in Dec. 2023 was $2.0 Mil. KLX Energy Services Holdings's Interest Expense for the three months ended in Dec. 2023 was $-9.3 Mil. KLX Energy Services Holdings's interest coverage for the quarter that ended in Dec. 2023 was 0.22. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for KLX Energy Services Holdings's Interest Coverage or its related term are showing as below:

KLXE' s Interest Coverage Range Over the Past 10 Years
Min: 0.93 Med: 5001.56 Max: No Debt
Current: 1.52

KLXE's Interest Coverage is ranked worse than
87.25% of 761 companies
in the Oil & Gas industry
Industry Median: 6.72 vs KLXE: 1.52

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

KLX Energy Services Holdings Interest Coverage Historical Data

The historical data trend for KLX Energy Services Holdings'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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KLX Energy Services Holdings Interest Coverage Chart

KLX Energy Services Holdings Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

3.11

0.93

1.51

KLX Energy Services Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															2.47	1.69	2.45	1.79	0.22

Competitive Comparison of KLX Energy Services Holdings's Interest Coverage

For the Oil & Gas Equipment & Services subindustry, KLX Energy Services Holdings'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.

KLX Energy Services Holdings's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where KLX Energy Services Holdings's Interest Coverage falls into.

KLX Energy Services Holdings 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.

KLX Energy Services Holdings'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, KLX Energy Services Holdings's Interest Expense was $-36.5 Mil. Its Operating Income was $55.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $336.5 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	55	/	-36.5
	=	1.51

KLX Energy Services Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, KLX Energy Services Holdings's Interest Expense was $-9.3 Mil. Its Operating Income was $2.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $336.5 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2	/	-9.3
	=	0.22

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

KLX Energy Services Holdings (NAS:KLXE) 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 .

KLX Energy Services Holdings Interest Coverage Related Terms

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

KLX Energy Services Holdings (KLX Energy Services Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » KLX Energy Services Holdings Inc (NAS:KLXE) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

KX4A:Germany

Address

3040 Post Oak Boulevard, 15th Floor, Houston, TX, USA, 77056

Website

https://www.klxenergy.com

KLX Energy Services Holdings Inc is a provider of completion, intervention and production services and products to the onshore oil and gas producing regions of the United States. It serves the companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves. Its products and services offerings include surface facilities and equipment, pressure control services, wireline services, fishing services, and engineered products. The company's segments include Southwest; Rocky Mountains and Northeast/Mid-Con region.

Executives

Christopher J. Baker	officer: See Remarks	C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2900, HOUSTON TX 77002
Keefer Mcgovern Lehner	officer: See Remarks	C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Geoffrey C Stanford	officer: Chief Accouting Officer	4400 POST OAK PARKWAY, SUITE 1000, HOUSTON TX 77027
Max Bouthillette	officer: See Remarks	C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Denham Capital Management Gp Llc	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Denham Capital Management Lp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Denham Iv Continuation Fund Gp Lp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Stuart D Porter	10 percent owner	200 CLARENDON ST, 25TH FLOOR, BOSTON MA 02116
Denham Iv Continuation Gp Llc	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Greene's Investment Holdings Llc	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Denham Iv Continuation Fund Lp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Greene's Holding Corp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Robertson Corbin J Jr	director, 10 percent owner, other: Member of 10% owner group	601 JEFFERSON STE 3600, HOUSTON TX 77002
John T Whates	director	1400 CORPORATE CENTER WAY, WELLINGTON FL 33414
John T Collins	director	THE COLLINS GROUP, 60 STATE ST, SUITE 700, BOSTON MA 02109