Excelerate Energy (Excelerate Energy) Interest Coverage

: 2.36 (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. Excelerate Energy's Operating Income for the three months ended in Dec. 2023 was $40 Mil. Excelerate Energy's Interest Expense for the three months ended in Dec. 2023 was $-17 Mil. Excelerate Energy's interest coverage for the quarter that ended in Dec. 2023 was 2.36. The higher the ratio, the stronger the company's financial strength is.

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

EE' s Interest Coverage Range Over the Past 10 Years
Min: 1.49 Med: 1.9 Max: 3.25
Current: 3.14

EE's Interest Coverage is ranked worse than
73.65% of 759 companies
in the Oil & Gas industry
Industry Median: 6.72 vs EE: 3.14

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

Excelerate Energy Interest Coverage Historical Data

The historical data trend for Excelerate 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.

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.

* Premium members only.

Excelerate Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

1.71

1.49

1.90

3.25

3.14

Excelerate Energy Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial										4.39	3.19	3.14	3.85	2.36

Competitive Comparison

For the Oil & Gas Midstream subindustry, Excelerate 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.

Excelerate Energy Interest Coverage Distribution

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

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

Excelerate 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 ⁽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.

Excelerate Energy'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, Excelerate Energy's Interest Expense was $-67 Mil. Its Operating Income was $211 Mil. And its Long-Term Debt & Capital Lease Obligation was $700 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	210.605	/	-66.995
	=	3.14

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

Here, for the three months ended in Dec. 2023, Excelerate Energy's Interest Expense was $-17 Mil. Its Operating Income was $40 Mil. And its Long-Term Debt & Capital Lease Obligation was $700 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	39.858	/	-16.858
	=	2.36

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

Excelerate Energy (NYSE:EE) 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 .

Excelerate Energy Interest Coverage Related Terms

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

Excelerate Energy (Excelerate Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Excelerate Energy Inc (NYSE:EE) » Definitions » Interest Coverage

Comparable Companies

OSG GPP BROG NGL SMLP BPT MMLP CWPE DLNG TNP TSX:ENB EPD WMB ET LNG OKE KMI MPLX TSX:TRP CQP

Traded in Other Exchanges

N/A

Address

2445 Technology Forest Boulevard, Level 6, The Woodlands, TX, USA, 77381

Website

https://www.excelerateenergy.com

Excelerate Energy Inc is engaged in flexible LNG solutions, providing integrated services along the LNG value chain. The company offers a full range of flexible regasification services from FSRUs to infrastructure development, to LNG and natural gas supply.

Executives

David A. Liner	officer: See Remarks	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD, THE WOODLANDS TX 77381
Deborah L Byers	director	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Daniel H Bustos	officer: See Remarks	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Michael Anthony Bent	officer: See Remarks	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Excelerate Energy Holdings, Llc	10 percent owner	6733 S. YALE AVE., TULSA OK 74136
Excelerate Holdings, Llc	10 percent owner	6733 S. YALE AVE., TULSA OK 74136
Hood Alisa Newman	officer: See Remarks	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Steven M Kobos	director, officer: President and CEO	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Henry G Kleemeier	director	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Paul T Hanrahan	director	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Calvin A Bancroft	officer: See Remarks	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Dana A Armstrong	officer: See Remarks	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Robert Waldo	director	6733 S. YALE AVE., TULSA, OK 74136
Amy Thompson Broussard	officer: See Remarks	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Don P. Millican	director	6733 S. YALE AVE., TULSA OK 74136