United Parks & Resorts (United Parks & Resorts) Interest Coverage : 2.47 (As of Dec. 2023)

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United Parks & Resorts Interest Coverage Definition

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. United Parks & Resorts's Operating Income for the three months ended in Dec. 2023 was $90 Mil. United Parks & Resorts's Interest Expense for the three months ended in Dec. 2023 was $-36 Mil. United Parks & Resorts's interest coverage for the quarter that ended in Dec. 2023 was 2.47. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for United Parks & Resorts's Interest Coverage or its related term are showing as below:

PRKS' s Interest Coverage Range Over the Past 10 Years
Min: 0.94 Med: 2.47 Max: 4.32
Current: 3.14

PRKS's Interest Coverage is ranked worse than
63.8% of 605 companies
in the Travel & Leisure industry
Industry Median: 5.13 vs PRKS: 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.

United Parks & Resorts Interest Coverage Historical Data

The historical data trend for United Parks & Resorts'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.

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United Parks & Resorts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

2.58

3.72

4.32

3.14

United Parks & Resorts 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															2.93	0.32	4.22	5.48	2.47

Competitive Comparison

For the Leisure subindustry, United Parks & Resorts'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.

United Parks & Resorts Interest Coverage Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, United Parks & Resorts's Interest Coverage distribution charts can be found below:

* The bar in red indicates where United Parks & Resorts's Interest Coverage falls into.

United Parks & Resorts 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.

United Parks & Resorts'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, United Parks & Resorts's Interest Expense was $-147 Mil. Its Operating Income was $461 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,206 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	460.571	/	-146.666
	=	3.14

United Parks & Resorts's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, United Parks & Resorts's Interest Expense was $-36 Mil. Its Operating Income was $90 Mil. And its Long-Term Debt & Capital Lease Obligation was $2,206 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	89.569	/	-36.259
	=	2.47

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

United Parks & Resorts (NYSE:PRKS) 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 .

United Parks & Resorts Interest Coverage Related Terms

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

United Parks & Resorts (United Parks & Resorts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » United Parks & Resorts Inc (NYSE:PRKS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

6240 Sea Harbor Drive, Orlando, FL, USA, 32821

Website

http://www.seaworldentertainment.com

SeaWorld Entertainment Inc operates in the United States leisure industry. Its core business is the operation of theme parks and such entertainment facilities involving sea animals across the country under prominent brands such as SeaWorld, Sea Rescue, and Busch Gardens. Seaworld also operates a reservations-only attraction offering interaction with marine animals known as Discovery Cove and a seasonal park under the name Sesame Place. The company generates most of its revenue from selling admission to the theme parks.

Executives

Kyle Robert Miller	officer: See Remarks	6240 SEA HARBOR DRIVE, ORLANDO FL 32821
Shekufeh Boyle	officer: Chief Accounting Officer	6240 SEA HARBOR DRIVE, ORLANDO FL 32821
Swanson Marc	officer: Chief Accounting Officer	C/O SEAWORLD ENTERTAINMENT, INC., 6240 SEA HARBOR DR, ORLANDO FL 32821
George Anthony Taylor	officer: See Remarks	C/O SEAWORLD ENTERTAINMENT, INC., 9205 SOUTH PARK CENTER LOOP, SUITE 400, ORLANDO FL 32819
William Gray	director	355 MAPLE AVENUE, HARLEYSVILLE PA 19438
Byron Surrett	officer: See Remarks	6240 SEA HARBOR DRIVE, ORLANDO FL 32821
Christopher Dold	officer: Chief Zoological Officer	C/O SEAWORLD ENTERTAINMENT, INC., 9205 SOUTH PARK CENTER LOOP, SUITE 400, ORLANDO FL 32819
Forrester James W Jr	officer: See Remarks	6240 SEA HARBOR DRIVE, ORLANDO FL 32821
Christopher L. Finazzo	officer: Chief Commercial Officer	C/O SEAWORLD ENTERTAINMENT, INC., 6240 SEA HARBOR DR, ORLANDO FL 32821
Michelle F Adams	officer: See Remarks	6240 SEA HARBOR DRIVE, ORLANDO FL 32821
James Clark Hughes	officer: Chief Human Resources Officer	6240 SEA HARBOR DRIVE, ORLANDO FL 32821
Daniel C Mayer	officer: See Remarks	6240 SEA HARBOR DRIVE, ORLANDO FL 32821
Timothy Hartnett	director	6240 SEA HARBOR DRIVE, ORLANDO FL 32821
Elizabeth Gulacsy	officer: Chief Accounting Officer	C/O SEAWORLD ENTERTAINMENT, INC., 9205 SOUTH PARK CENTER LOOP, SUITE 400, ORLANDO FL 32819
Sharon P Nadeau	officer: Chief Human Resources Officer	6240 SEA HARBOR DR, ORLANDO FL 32821