USD Partners LP (USD Partners LP) Interest Coverage : 0 (At Loss) (As of Sep. 2023)

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What is USD Partners LP Interest Coverage?

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. USD Partners LP's Operating Income for the three months ended in Sep. 2023 was $-0.59 Mil. USD Partners LP's Interest Expense for the three months ended in Sep. 2023 was $-4.59 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. USD Partners LPs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

The historical rank and industry rank for USD Partners LP's Interest Coverage or its related term are showing as below:

USDP' s Interest Coverage Range Over the Past 10 Years
Min: 0.17 Med: 2.97 Max: 5.95
Current: 0.5

USDP's Interest Coverage is ranked worse than
95.12% of 819 companies
in the Transportation industry
Industry Median: 5.6 vs USDP: 0.50

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

USD Partners LP Interest Coverage Historical Data

The historical data trend for USD Partners LP'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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USD Partners LP Interest Coverage Chart

USD Partners LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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2.81

1.89

3.12

4.50

1.26

USD Partners LP Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															-	0.70	0.44	1.07	-

Competitive Comparison of USD Partners LP's Interest Coverage

For the Railroads subindustry, USD Partners LP'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.

USD Partners LP's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, USD Partners LP's Interest Coverage distribution charts can be found below:

* The bar in red indicates where USD Partners LP's Interest Coverage falls into.

USD Partners LP 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.

USD Partners LP'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, USD Partners LP's Interest Expense was $-9.50 Mil. Its Operating Income was $11.93 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.69 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	11.927	/	-9.5
	=	1.26

USD Partners LP's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, USD Partners LP's Interest Expense was $-4.59 Mil. Its Operating Income was $-0.59 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.71 Mil.

USD Partners LP did not have earnings to cover the interest expense.

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

USD Partners LP (OTCPK:USDP) 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 .

USD Partners LP Interest Coverage Related Terms

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

USD Partners LP (USD Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » USD Partners LP (OTCPK:USDP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

811 Main Street, Suite 2800, Houston, TX, USA, 77002

Website

https://www.usdpartners.com

USD Partners LP is formed to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The company's network of crude oil terminals facilitates the transportation of heavy crude oil from Western Canada to key demand centers across North America. The company's operations include railcar loading and unloading, storage and blending in onsite tanks, inbound and outbound pipeline connectivity, truck transloading, and other related logistics services. The company also provides one of the customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons by rail. The company manages its business in two reportable segments: Terminalling services and Fleet services.

Executives

Jeffrey P. Wood	director, other: SEE REMARKS	EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968
Keith Benson	officer: SEE REMARKS	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Francesco Ciabatti	director, other: See Remarks.	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Dan Borgen	director, officer: SEE REMARKS	9500 NEW CENTURY, PASADENA TX 77507
Michael Ray Curry	director, other: SEE REMARKS	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Iii, Lp	10 percent owner	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Michael Jay Stanford	officer: Vice President, CAO	811 MAIN ST., SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Gp Iii, Lp	director, 10 percent owner	40 BEECHWOOD ROAD, SUMMIT NJ 07901
G Stacy Smith	director, other: SEE REMARKS	300 CRESCENT COURT SUITE 1111, DALLAS TX 75201
Ecp Controlco, Llc	director, 10 percent owner	40 BEECHWOOD ROAD, SUMMIT NJ 07901
Joshua Dean Ruple	officer: SEE REMARKS	811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Schuyler Coppedge	director, other: SEE REMARKS	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Paul Leray Tucker	officer: SEE REMARKS	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Adam K Altsuler	officer: SEE REMARKS	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Iii-b (usd Ip), Lp	director, 10 percent owner	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078