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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. U.S. Well Services's Operating Income for the three months ended in Jun. 2022 was $-1.73 Mil. U.S. Well Services's Interest Expense for the three months ended in Jun. 2022 was $-9.56 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 U.S. Well Services's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for U.S. Well Services'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.
U.S. Well Services Annual Data | |||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||
Interest Coverage | Get a 7-Day Free Trial | No Debt | - | - | - | - |
U.S. Well Services Quarterly Data | ||||||||||||||||||||
Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | |
Interest Coverage | Get a 7-Day Free Trial | 0.34 | - | - | - | - |
For the Oil & Gas Equipment & Services subindustry, U.S. Well Services'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.
For the Oil & Gas industry and Energy sector, U.S. Well Services's Interest Coverage distribution charts can be found below:
* The bar in red indicates where U.S. Well Services's Interest Coverage falls into.
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.
U.S. Well Services's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as
Here, for the fiscal year that ended in Dec. 2021, U.S. Well Services's Interest Expense was $-33.37 Mil. Its Operating Income was $-38.92 Mil. And its Long-Term Debt & Capital Lease Obligation was $280.52 Mil.
U.S. Well Services did not have earnings to cover the interest expense. |
U.S. Well Services's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as
Here, for the three months ended in Jun. 2022, U.S. Well Services's Interest Expense was $-9.56 Mil. Its Operating Income was $-1.73 Mil. And its Long-Term Debt & Capital Lease Obligation was $288.86 Mil.
U.S. Well Services did not have earnings to cover the interest expense. |
* 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.
The higher the ratio, the stronger the company's Financial Strength is.
U.S. Well Services (NAS:MPACU) 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 .
Thank you for viewing the detailed overview of U.S. Well Services's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Crestview Iii Usws Te, Llc | director, 10 percent owner | C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 36TH FLOOR, NEW YORK NY 10022 |
Crestview Partners Iii Gp, L.p. | director, 10 percent owner | C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022 |
Crestview Iii Usws, L.p. | director, 10 percent owner | C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 36TH FLOOR, NEW YORK NY 10022 |
Adam J Klein | director | C/O CRESTVIEW ADVISORS, 667 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10065 |
David J Matlin | director, 10 percent owner | |
David L Treadwell | director | 222 S 15TH STREET, SUITE 600 N, OMAHA NE 68102 |
Beal Financial Corp | 10 percent owner | 15770 N DALLAS PARKWAY, STE 300 LB 66, DALLAS TX 75248 |
Daniel Andrew Beal | 10 percent owner | 6000 LEGACY DRIVE, PLANO TX 75024 |
Steve Saad Habachy | director | 9805 KATY WAY, SUITE 400, HOUSTON TX 77024 |
Joel Broussard | director, officer: President & CEO | C/O U.S. WELL SERVICES, INC., 1360 POST OAK BOULEVARD, SUITE 1800, HOUSTON TX 77056 |
Matthew Bernard | officer: Chief Administrative Officer | C/O U.S. WELL SERVICES, INC., 1360 POST OAK BOULEVARD, SUITE 1800, HOUSTON TX 77056 |
Nathan Houston | officer: Chief Operating Officer | C/O U.S. WELL SERVICES, INC., 770 SOUTH POST OAK LANE, SUITE 405, HOUSTON TX 77056 |
Richard Alan Burnett | director | 12377 MERIT DRIVE, SUITE 1700, DALLAS TX 75251 |
Mark D. Wolf | officer: See Remarks | 770 SOUTH POST OAK LANE, SUITE 405, C/O U.S. WELL SERVICES, INC., HOUSTON TX 77056 |
Eddie Mike Watson | director | 520 MADISON AVENUE, NEW YORK NY 10022 |
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