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Pacific Coast Oil Trust (Pacific Coast Oil Trust) Interest Coverage

: No Debt (1) (As of Jun. 2019)
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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. Pacific Coast Oil Trust's Operating Income for the three months ended in Jun. 2019 was $3.16 Mil. Pacific Coast Oil Trust's Interest Expense for the three months ended in Jun. 2019 was $0.00 Mil. Pacific Coast Oil Trust has no debt. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

The historical rank and industry rank for Pacific Coast Oil Trust's Interest Coverage or its related term are showing as below:


ROYTL's Interest Coverage is not ranked *
in the Oil & Gas industry.
Industry Median: 6.67
* Ranked among companies with meaningful Interest Coverage only.

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


Pacific Coast Oil Trust Interest Coverage Historical Data

The historical data trend for Pacific Coast Oil Trust'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.

Pacific Coast Oil Trust Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt - 556.90 No Debt

Pacific Coast Oil Trust Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison

For the Oil & Gas E&P subindustry, Pacific Coast Oil Trust'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.


Pacific Coast Oil Trust Interest Coverage Distribution

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

* The bar in red indicates where Pacific Coast Oil Trust's Interest Coverage falls into.



Pacific Coast Oil Trust 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.

Pacific Coast Oil Trust's Interest Coverage for the fiscal year that ended in Dec. 2018 is calculated as

Here, for the fiscal year that ended in Dec. 2018, Pacific Coast Oil Trust's Interest Expense was $0.00 Mil. Its Operating Income was $12.53 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Pacific Coast Oil Trust had no debt (1).

Pacific Coast Oil Trust's Interest Coverage for the quarter that ended in Jun. 2019 is calculated as

Here, for the three months ended in Jun. 2019, Pacific Coast Oil Trust's Interest Expense was $0.00 Mil. Its Operating Income was $3.16 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Pacific Coast Oil Trust had no debt (1).

* 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.


Pacific Coast Oil Trust  (OTCPK:ROYTL) 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 .


Pacific Coast Oil Trust Interest Coverage Related Terms

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Pacific Coast Oil Trust (Pacific Coast Oil Trust) Business Description

Traded in Other Exchanges
N/A
Address
601 Travis Street, 16th Floor, Houston, TX, USA, 77002
Pacific Coast Oil Trust is a statutory trust which is formed to acquire and hold net profits and royalty interests in certain oil and natural gas properties located in California for the benefit of the Trust unitholders. The underlying properties consist of producing and non-producing interests in oil units, wells, and lands located onshore in California in the Santa Maria Basin, and the Los Angeles Basin.
Executives
Greenhill & Co Inc 10 percent owner 1271 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Greenhill Capital Partners, Llc 10 percent owner 300 PARK AVENUE, 23RD FLOOR, NEW YORK NY 10022
Gcp Managing Partner Ii, L.p. 10 percent owner 300 PARK AVENUE, NEW YORK NY 10022
Metalmark Capital Partners Ii Gp, L.p. 10 percent owner 1177 AVENUE OF THE AMERICAS, 40TH FLOOR, NEW YORK NY 10036