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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. Odyssey Marine Exploration's Operating Income for the three months ended in Jun. 2023 was $-3.15 Mil. Odyssey Marine Exploration's Interest Expense for the three months ended in Jun. 2023 was $-4.33 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Odyssey Marine Exploration's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Odyssey Marine Exploration'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.
For the Specialty Business Services subindustry, Odyssey Marine Exploration'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.
For the Business Services industry and Industrials sector, Odyssey Marine Exploration's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Odyssey Marine Exploration's Interest Coverage falls into.
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.
Odyssey Marine Exploration's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as
Here, for the fiscal year that ended in Dec. 2022, Odyssey Marine Exploration's Interest Expense was $-14.09 Mil. Its Operating Income was $-17.04 Mil. And its Long-Term Debt & Capital Lease Obligation was $25.14 Mil.
Odyssey Marine Exploration did not have earnings to cover the interest expense. |
Odyssey Marine Exploration's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as
Here, for the three months ended in Jun. 2023, Odyssey Marine Exploration's Interest Expense was $-4.33 Mil. Its Operating Income was $-3.15 Mil. And its Long-Term Debt & Capital Lease Obligation was $38.74 Mil.
Odyssey Marine Exploration did not have earnings to cover the interest expense. |
* 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.
Odyssey Marine Exploration (NAS:OMEX) 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 .
Thank you for viewing the detailed overview of Odyssey Marine Exploration's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
John Abbott | director | 101 20TH ST, APT 2706, MIAMI FL 33139 |
Laura Lionetti Barton | officer: EVP, Secretary, Corp Comm | 5215 WEST LAUREL STREET, TAMPA FL 33607 |
Mark B Justh | director | 5215 WEST LAUREL STREET, TAMPA FL 33607 |
Christopher Emlyn Jones | officer: Chief Financial Officer | 205 S HOOVER BLVD STE 210, #210, TAMPA FL 33609 |
Fourworld Capital Management Llc | 10 percent owner | 7 WORLD TRADE CENTER, FL. 46, NEW YORK NY 10007 |
John Addis | 10 percent owner | 7 WORLD TRADE CENTER, FLOOR 46, NEW YORK NY 10007 |
Todd E Siegel | director | 2003 GANDY BLVD. NORTH, SUITE 800, ST. PETERSBURG FL 33702 |
Longley John D Jr | officer: Chief Operating Officer | 5215 WEST LAUREL STREET, TAMPA FL 33607 |
Jon D Sawyer | director | 29491 CAMELBACK DRIVE, EVERGREEN CO 80439 |
James S Pignatelli | director | 2300 E SLINGSHOT WAY, KAMAS UT 84036 |
Mark Gordon | director, officer: CEO and President | 5215 WEST LAUREL STREET, TAMPA FL 33607 |
Jay Nudi | officer: CFO/Treasurer | 5215 WEST LAUREL STREET, TAMPA FL 33607 |
David J Saul | director | 18 DEVONSHIRE BAY ROAD, DEVONSHIRE D0 DV07 |
Philip S Devine | officer: Chief Financial Officer | 5215 WEST LAUREL STREET, TAMPA FL 33607 |
Michael J Holmes | officer: Chief Financial Officer | 5215 W LAUREL ST, TAMPA FL 33607 |
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