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Glen Rose Petroleum (Glen Rose Petroleum) Interest Coverage : 0 (At Loss) (As of Dec. 2011)


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What is Glen Rose Petroleum 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. Glen Rose Petroleum's Operating Income for the three months ended in Dec. 2011 was $-0.77 Mil. Glen Rose Petroleum's Interest Expense for the three months ended in Dec. 2011 was $-0.92 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 Glen Rose Petroleum's Interest Coverage or its related term are showing as below:


GLRP's Interest Coverage is not ranked *
in the Oil & Gas industry.
Industry Median: 6.575
* Ranked among companies with meaningful Interest Coverage only.

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


Glen Rose Petroleum Interest Coverage Historical Data

The historical data trend for Glen Rose Petroleum'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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Glen Rose Petroleum Interest Coverage Chart

Glen Rose Petroleum Annual Data
Trend Mar02 Mar03 Mar04 Mar05 Mar06 Mar07 Mar08 Mar09 Mar10 Mar11
Interest Coverage
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Glen Rose Petroleum Quarterly Data
Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11
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Competitive Comparison of Glen Rose Petroleum's Interest Coverage

For the Oil & Gas E&P subindustry, Glen Rose Petroleum'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.


Glen Rose Petroleum's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Glen Rose Petroleum's Interest Coverage falls into.



Glen Rose Petroleum 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.

Glen Rose Petroleum's Interest Coverage for the fiscal year that ended in Mar. 2011 is calculated as

Here, for the fiscal year that ended in Mar. 2011, Glen Rose Petroleum's Interest Expense was $-1.57 Mil. Its Operating Income was $-4.29 Mil. And its Long-Term Debt & Capital Lease Obligation was $2.68 Mil.

Glen Rose Petroleum did not have earnings to cover the interest expense.

Glen Rose Petroleum's Interest Coverage for the quarter that ended in Dec. 2011 is calculated as

Here, for the three months ended in Dec. 2011, Glen Rose Petroleum's Interest Expense was $-0.92 Mil. Its Operating Income was $-0.77 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.00 Mil.

Glen Rose Petroleum 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.


Glen Rose Petroleum  (GREY:GLRP) 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 .


Glen Rose Petroleum Interest Coverage Related Terms

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Glen Rose Petroleum (Glen Rose Petroleum) Business Description

Traded in Other Exchanges
N/A
Address
1210 West Clay Road, Suite 5, Houston, TX, USA, 77019
An independent producer of natural gas and crude oil based in Dallas, Texas.
Executives
Michael Patrick Raleigh director SUITE 550, 10000 MEMORIAL DRIVE, HOUSTON TX 77024

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