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CVR Energy Interest Coverage

: 17.48 (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. CVR Energy's Operating Income for the three months ended in Jun. 2022 was $402 Mil. CVR Energy's Interest Expense for the three months ended in Jun. 2022 was $-23 Mil. CVR Energy's interest coverage for the quarter that ended in Jun. 2022 was 17.48. The higher the ratio, the stronger the company's financial strength is.

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

CVI' s Interest Coverage Range Over the Past 10 Years
Min: 0.77   Med: 5.65   Max: 14.07
Current: 8.83


CVI's Interest Coverage is ranked worse than
53.56% of 745 companies
in the Oil & Gas industry
Industry Median: 10.46 vs CVI: 8.83

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


CVR Energy Interest Coverage Historical Data

The historical data trend for CVR Energy'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.

CVR Energy 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 1.36 5.27 5.65 - 0.77

CVR Energy 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 0.21 7.65 1.64 9.17 17.48

Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, CVR Energy'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.

   

CVR Energy Interest Coverage Distribution

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

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



CVR Energy 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.

CVR Energy'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, CVR Energy's Interest Expense was $-117 Mil. Its Operating Income was $90 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,654 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*90/-117
=0.77

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

Here, for the three months ended in Jun. 2022, CVR Energy's Interest Expense was $-23 Mil. Its Operating Income was $402 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,588 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*402/-23
=17.48

* 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.


CVR Energy  (NYSE:CVI) 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 .


CVR Energy Interest Coverage Related Terms

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


CVR Energy Business Description

CVR Energy logo
Traded in Other Exchanges
Address
2277 Plaza Drive, Suite 500, Sugar Land, TX, USA, 77479
CVR Energy Inc is a holding company that engages in petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP and CVR Partners, LP. CVR Refining LP includes several complex full coking crude oil refineries, along with a crude oil gathering system, pipelines and storage tanks, and marketing and supply. The company's refineries can process blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Crude oil for CVR's refineries is supplied through its wholly-owned gathering system and pipeline. From its refineries, CVR supplies product through tanker trucks directly to customers located in close geographic proximity and customers at throughput terminals. The company's customers include retailers, railroads, and farm cooperatives.
Executives
Wright Michael H. Jr. officer: EVP & Chief Operating Officer CVR ENERGY, INC. 2277 PLAZA DRIVE, SUITE 500 SUGAR LAND TX 77479
Neumann Dane J. officer: Interim CFO, VP-Fin.&Treasurer 2277 PLAZA DRIVE SUITE 500 SUGAR LAND TX 77479
Conaway Jeffrey D. officer: VP, CAO & Corp. Controller 2277 PLAZA DRIVE SUITE 500 SUGAR LAND TX 77479
Willetts David director 16690 COLLINS AVENUE - PH-1 SUNNY ISLES BEACH FL 33160
Dargan Kapiljeet director 16690 COLLINS AVE. SUITE PH-1 SUNNY ISLES BEACH FL 33160
Johnson Charles Douglas officer: EVP & Chief Commercial Officer 2277 PLAZA DR. SUITE 500 SUGAR LAND TX 77479
Firestone Jaffrey Adam director C/O CVR ENERGY, INC. 2277 PLAZA DRIVE, SUITE 500 SUGAR LAND TX 77479
Landreth David Lynn officer: EVP Chief Commercial Officer 2277 PLAZA DRIVE SUITE 500 SUGAR LAND TX 77479
Agnello Patricia A. director C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH SUNNY ISLES FL 33160
Gary Hunter Clark director C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH SUNNY ISLES FL 33160
Buhrig Melissa M officer: EVP, General Counsel & Sec. C/O CVR ENERGY, INC. 2277 PLAZA DRIVE, SUITE 500 SUGAR LAND TX 77479
Jackson Tracy Dawn officer: EVP and CFO 19100 RIDGEWOOD PARKWAY SAN ANTONIO TX 78259
Bley Matthew W. officer: CAO and Corp. Controller 2277 PLAZA DRIVE, SUITE 500 SUGAR LAND TX 77479
Pytosh Mark A officer: EVP - Corporate Services C/O CVR PARTNERS, LP 2277 PLAZA DRIVE, SUITE 500 SUGAR LAND TX 77479
Develasco Janice T officer: VP-Env., Health, Safety & Sec. 2277 PLAZA DRIVE, SUITE 500 SUGAR LAND TX 77479

CVR Energy Headlines

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