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Civeo Interest Coverage

: 5.46 (As of Jun. 2022)
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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 Jun. 2022 was $14.2 Mil. Civeo's Interest Expense for the three months ended in Jun. 2022 was $-2.6 Mil. Civeo's interest coverage for the quarter that ended in Jun. 2022 was 5.46. 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: 8.75   Max: 12.66
Current: 2.86


CVEO's Interest Coverage is ranked worse than
84.19% of 778 companies
in the Business Services industry
Industry Median: 17.53 vs CVEO: 2.86

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.

* Premium members only.

Civeo Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 1.08

Civeo Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.96 1.90 2.57 1.72 5.46

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.


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. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Civeo's Interest Expense was $-13.0 Mil. Its Operating Income was $14.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $158.0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*13.987/-12.964
=1.08

Civeo's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, Civeo's Interest Expense was $-2.6 Mil. Its Operating Income was $14.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $136.5 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*14.242/-2.608
=5.46

* 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.


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 Business Description

Civeo logo
Traded in Other Exchanges
Address
333 Clay Street, Three Allen Center, Suite 4980, Houston, TX, USA, 77002
Civeo Corp provides long-term and temporary remote site accommodations, logistics, and facility management services, especially to the natural resource industry. It also provides catering and food services, housekeeping, laundry, facility management, water and wastewater treatment, power generation, communications, and personnel logistics at the sites where it provides accommodation. It organizes its business under segments based on the nature of its geographical spread, which includes Canada, where it generates most of its revenues; followed by Australia and the United States.
Executives
Grewal Jagdish director 333 CLAY STREET SUITE 4980 HOUSTON TX 77065
Montelongo Michael director 203 EAST MAIN STREET SPARTANBURG SC 29319
Brewer Barclay officer: Vice President and Controller 333 CLAY STREET SUITE 4980 HOUSTON TX 77002
Gilbertson Ronald director 333 CLAY STREET HOUSTON TX 77002
Torgerson Tammy 10 percent owner 596 MCCLURE ROAD KELOWNA A1 V1W 1H3
Torgerson Family Trust 10 percent owner 596 MCCLURE ROAD KELOWNA A1 V1W 1H3
Torgerson Lance 10 percent owner 596 MCCLURE ROAD KELOWNA A1 V1W 1H3
Wall Timothy O director 333 CLAY STREET SUITE 4980 HOUSTON TX 77002
Ridley Mike officer: See Remarks 333 CLAY STREET, SUITE 4980 HOUSTON TX 77002
Schoening Allan officer: See Remarks 333 CLAY STREET, #4980 HOUSTON TX 77002
Greene Alexander David director 3200 INDUSTRIAL PARK ROAD VAN BUREN AR 72956
Weisman Marc director 160 RARITAN CENTER PARKWAY EDISON NJ 08837
Ashner Michael L director C/O WINTHROP FINANCIAL ASSOCIATES TWO JERICHO PLAZA WING A JERICHO NY 11753
Blankenship C Ronald director 5004 GREEN TREE HOUSTON TX 77056
Szalkowski Charles director 333 CLAY STREET, SUITE 4980 HOUSTON TX 77002

Civeo Headlines

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