Cactus (Cactus) Interest Expense : $-6 Mil (TTM As of Dec. 2023)

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What is Cactus Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cactus's interest expense for the three months ended in Dec. 2023 was $ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-6 Mil.

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. Cactus's Operating Income for the three months ended in Dec. 2023 was $ 93 Mil. Cactus's Interest Expense for the three months ended in Dec. 2023 was $ 0 Mil. GuruFocus does not calculate Cactus's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Cactus Interest Expense Historical Data

The historical data trend for Cactus's Interest Expense 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.

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Cactus Interest Expense Chart

Cactus Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.19

-0.96

-0.83

-0.90

-4.93

Cactus Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-	-	-5.93	-	-

Cactus Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6 Mil.

Cactus (NYSE:WHD) Interest Expense Explanation

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

Cactus's Interest Expense for the three months ended in Dec. 2023 was $0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $93 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $28 Mil.

Cactus's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

GuruFocus does not calculate Cactus's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Cactus Inc has enough cash to cover all of its debt. Its financial situation is stable.

Cactus (Cactus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cactus Inc (NYSE:WHD) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

920 Memorial City Way, Suite 300, Houston, TX, USA, 77024

Website

https://www.cactuswhd.com

Cactus Inc is engaged in the designing, manufacturing, and sale of wellheads and pressure control equipment. Its principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. The company also provides mission-critical field services, including service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents. It sells or rents its products principally for onshore unconventional oil and gas wells that are utilized during the drilling, completion (including fracturing), and production.

Executives

Scott Bender	director, officer: President, CEO	ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046
Joel Bender	director, officer: COO, Senior VP and Sec	ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046
Steven Bender	officer: VP of Operations	ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046
William D Marsh	officer: GC, VP of Admin. and Secretary	2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019
John A Odonnell	director	2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019
Bruce M Rothstein	director	800 WESTCHESTER AVENUE, SUITE 617 NORTH, RYE BROOK NY 10573
Stephen Tadlock	officer: VP of Corporate Services	COBALT CENTER 920 MEMORIAL CITY WAY, SUITE 300, HOUSTON TX 77024
Donna L Anderson	officer: Chief Accounting Officer	10811 S. WESTVIEW CIRCLE DRIVE, BUILDING C, SUITE 100, HOUSTON TX 77043
Michael Y Mcgovern	director	700 LOUISIANA, STE 4300, HOUSTON TX 77002
Alan Semple	director	ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046
Gary L Rosenthal	director	333 CLAY STREET, SUITE 4620, HOUSTON TX 77002
David John Isaac	officer: GC and VP of Administration	920 MEMORIAL CITY WAY, SUITE 300, HOUSTON TX 77024
Tymothi O. Tombar	director	2713 CRAWFORD ST., HOUSTON TX 77004
Cadent Energy Partners Ii Lp	director	800 WESTCHESTER AVENUE, SUITE 617 NORTH, RYE BROOK NY 10573
Melissa Law	director	920 MEMORIAL CITY WAY, SUITE 300, HOUSTON TX 77024