Civeo (CVEO) Interest Coverage

: 0 (At Loss) (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. Civeo's Operating Income for the three months ended in Dec. 2023 was $-0.0 Mil. Civeo's Interest Expense for the three months ended in Dec. 2023 was $-2.6 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 Civeo's Interest Coverage or its related term are showing as below:

CVEO' s Interest Coverage Range Over the Past 10 Years
Min: 1.08 Med: 1.84 Max: 7.11
Current: 1.69

CVEO's Interest Coverage is ranked worse than
91.09% of 786 companies
in the Business Services industry
Industry Median: 13.53 vs CVEO: 1.69

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

Civeo Interest Coverage Historical Data

The historical data trend for Civeo'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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Civeo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

1.08

1.98

1.69

Civeo Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																-	-	2.82	4.77	-

Competitive Comparison

For the Specialty Business Services subindustry, Civeo'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.

Civeo Interest Coverage Distribution

For the Business Services industry and Industrials sector, Civeo's Interest Coverage distribution charts can be found below:

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

Civeo 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.

Civeo'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, Civeo's Interest Expense was $-13.2 Mil. Its Operating Income was $22.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $74.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	22.292	/	-13.177
	=	1.69

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

Here, for the three months ended in Dec. 2023, Civeo's Interest Expense was $-2.6 Mil. Its Operating Income was $-0.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $74.8 Mil.

Civeo did not have earnings to cover the interest expense.

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

Civeo (NYSE:CVEO) 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 .

Civeo Interest Coverage Related Terms

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

Civeo (CVEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Civeo Corp (NYSE:CVEO) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

44C1:Germany

Address

333 Clay Street, Three Allen Center, Suite 4980, Houston, TX, USA, 77002

Website

https://www.civeo.com

Civeo Corp provides hospitality services to the natural resources industry in Canada, Australia and the United States. The company provides a full suite of services for guests, including lodging, catering and food service, housekeeping and maintenance at accommodation facilities that the company or its customers own. The company provides services that support the day-to-day operations of these facilities, such as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security and logistics. The company operates in active oil, metallurgical coal, liquefied natural gas and iron ore-producing regions. The company operates in three reportable business segments Canada, Australia and the United States.

Executives

Moore Constance B	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Lance Torgerson	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Martin Lambert	director	333 CLAY STREET, STE 4980, HOUSTON TX 77002
Allan Schoening	officer: See Remarks	333 CLAY STREET, #4980, HOUSTON TX 77002
Peter Mccann	officer: Sr. Vice President, Australia	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Jagdish Grewal	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77065
Michael Montelongo	director	203 EAST MAIN STREET, SPARTANBURG SC 29319
Bradley J Dodson	director, officer: President, CEO, and Director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Barclay Brewer	officer: Vice President and Controller	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Ronald Gilbertson	director	333 CLAY STREET, HOUSTON TX 77002
Tammy Torgerson	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Torgerson Family Trust	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Timothy O Wall	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Frank Steininger	officer: See Remarks	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Mike Ridley	officer: See Remarks	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002