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US Silica Holdings Interest Coverage

: 2.87 (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. US Silica Holdings's Operating Income for the three months ended in Jun. 2022 was $50 Mil. US Silica Holdings's Interest Expense for the three months ended in Jun. 2022 was $-17 Mil. US Silica Holdings's interest coverage for the quarter that ended in Jun. 2022 was 2.87. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for US Silica Holdings's Interest Coverage or its related term are showing as below:

SLCA' s Interest Coverage Range Over the Past 10 Years
Min: 0.11   Med: 3.55   Max: 9.68
Current: 0.47


SLCA's Interest Coverage is ranked worse than
97.04% of 742 companies
in the Oil & Gas industry
Industry Median: 10.48 vs SLCA: 0.47

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


US Silica Holdings Interest Coverage Historical Data

The historical data trend for US Silica Holdings'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.

US Silica Holdings 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 5.42 1.68 0.11 - 0.40

US Silica Holdings 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 3.11 - - 0.01 2.87

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, US Silica Holdings'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.

   

US Silica Holdings Interest Coverage Distribution

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

* The bar in red indicates where US Silica Holdings's Interest Coverage falls into.



US Silica Holdings 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.

US Silica Holdings'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, US Silica Holdings's Interest Expense was $-71 Mil. Its Operating Income was $28 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,268 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*28.137/-71.157
=0.40

US Silica Holdings's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, US Silica Holdings's Interest Expense was $-17 Mil. Its Operating Income was $50 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,261 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*50.085/-17.43
=2.87

* 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.


US Silica Holdings  (NYSE:SLCA) 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 .


US Silica Holdings Interest Coverage Related Terms

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


US Silica Holdings Business Description

US Silica Holdings logo
Traded in Other Exchanges
Address
24275 Katy Freeway, Suite 600, Katy, TX, USA, 77494
US Silica Holdings Inc is one of the leading suppliers of sand used in hydraulic fracturing of oil and gas wells. The company delivers sand in most major basins via its extensive logistics network and has an emerging last-mile logistics capability to deliver sand direct to the well site. Its operating segment includes Oil and Gas Proppants and Industrial and Specialty Products. The company generates maximum revenue from the Oil and Gas Proppants segment.
Executives
Rogers Sandra director 24275 KATY FREEWAY SUITE 600 KATY TX 77494
Ussery James Derek officer: President Oil and Gas 1301 MCKINNEY ST STE 1800 HOUSTON TX 77010
Crowder Donna Lynnette officer: SVP and CHRO 24275 KATY FREEWAY SUITE 600 KATY TX 77494
Russell Stacy officer: SVP General Counsel 24275 KATY FREEWAY SUITE 600 KATY TX 77494
Lind Bonnie Cruickshank director 3460 PRESTON RIDGE ROAD ALPHARETTA GA 30005
Carusona Zach officer: President Specialty Minerals 24275 KATY FREEWAY SUITE 600 KATY TX 77494
Miers Daniel Ross officer: President SandBox Logistics 1301 MCKINNEY ST STE 1800 HOUSTON TX 77010
Macan William Andrew officer: See Remarks 24275 KATY FREEWAY, SUITE 600 KATY TX 77494
Stice J Michael director 525 CENTRAL PARK DRIVE OKLAHOMA CITY OK 73105
Bernard Peter Clark director 8490 PROGRESS DRIVE SUITE 300 FREDERICK MD 21701
Shaver Charles W director C/O US SILICA 8490 PROGRESS DR. STE 300 FREDERICK MD 21701
Smith Billy Ray officer: SVP & President, Oil & Gas 8490 PROGRESS DRIVE, SUITE 300 FREDERICK MD 21701
Duren Diane K director PO BOX 45308 OMAHA NE 68145
Kacal William Jennings director 2112 INWOOD DRIVE HOUSTON TX 77019
Merril Donald A officer: EVP & Chief Financial Officer 1293 SOUTH MAIN STREET AKRON OH 44301

US Silica Holdings Headlines

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