SandRidge Energy (SandRidge Energy) Interest Coverage

: No Debt ⁽¹⁾ (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. SandRidge Energy's Operating Income for the three months ended in Dec. 2023 was $13.0 Mil. SandRidge Energy's Interest Expense for the three months ended in Dec. 2023 was $0.0 Mil. SandRidge Energy has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

SandRidge Energy Inc has no debt.

(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 SandRidge Energy's Interest Coverage or its related term are showing as below:

SD' s Interest Coverage Range Over the Past 10 Years
Min: 1.95 Med: 287.06 Max: No Debt
Current: No Debt

SD's Interest Coverage is ranked better than
99.87% of 761 companies
in the Oil & Gas industry
Industry Median: 6.71 vs SD: 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.

SandRidge Energy Interest Coverage Historical Data

The historical data trend for SandRidge 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.

SandRidge Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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558.11

786.38

607.27

SandRidge Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															1,417.48	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the Oil & Gas E&P subindustry, SandRidge 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.

SandRidge Energy Interest Coverage Distribution

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

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

SandRidge 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.

SandRidge 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, SandRidge Energy's Interest Expense was $-0.1 Mil. Its Operating Income was $63.2 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	63.156	/	-0.104
	=	607.27

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

Here, for the three months ended in Dec. 2023, SandRidge Energy's Interest Expense was $0.0 Mil. Its Operating Income was $13.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.0 Mil.

SandRidge Energy had no debt ⁽¹⁾.

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

SandRidge Energy (NYSE:SD) 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 .

SandRidge Energy Interest Coverage Related Terms

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

SandRidge Energy (SandRidge Energy) Business Description

Industry

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

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SA2D:Germany SA2D:Germany

Address

1 East Sheridan Avenue, Suite 500, Oklahoma City, OK, USA, 73104

Website

https://www.sandridgeenergy.com

SandRidge Energy Inc is an us-based oil and natural gas company. It is engaged in the exploration, development, and production of crude oil, natural gas, and Natural gas liquids. Business activities of the group include Exploration and Production, Drilling and Oil Field Services, and Midstream Gas Services.

Executives

Brown Brandon Louis Sr.	officer: SVP, Chief Financial Officer	C/O SANDRIDGE ENERGY, INC., 1 EAST SHERIDAN, SUITE 500, OKLAHOMA CITY OK 73104
Grayson R Pranin	officer: SVP, Chief Operating Officer	1 EAST SHERIDAN AVENUE, SUITE 500, OKLAHOMA CITY OK 73104
Nancy Martori Dunlap	director	C/O CVR REFINING, LP, 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Jaffrey Adam Firestone	director	C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Salah Gamoudi	officer: CFO/CAO	C/O SANDRIDGE ENERGY, INC., 123 ROBERT S. KERR AVENUE, OKLAHOMA CITY OK 73102
Patricia A. Agnello	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Carl Fredrick Giesler	officer: President and CEO	10000 ENERGY DRIVE, P. O. BOX 12359, SPRING TX 77391-2359
Randolph C Read	director	C/O NEW YORK REIT, INC., 405 PARK AVENUE, NEW YORK NY 10022
Paul D. Mckinney	officer: President & CEO	1177 WEST LOOP SOUTH, SUITE 1825, HOUSTON TX 77027
Jonathan Christodoro	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
John J Lipinski	director	C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Bob G Alexander	director	6017 MORNING DOVE LANE, EDMOND OK 73025
Jonathan Frates	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Kenneth H Beer	director	625 E. KALISTE SALOOM RD., LAFAYETTE LA 70508
Sylvia K. Barnes	director	4853 POST OAK TIMBER DRIVE, HOUSTON TX 77056