Geospace Technologies (Geospace Technologies) Interest Coverage : 229.23 (As of Dec. 2023)

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What is Geospace Technologies 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. Geospace Technologies's Operating Income for the three months ended in Dec. 2023 was $12.8 Mil. Geospace Technologies's Interest Expense for the three months ended in Dec. 2023 was $-0.1 Mil. Geospace Technologies's interest coverage for the quarter that ended in Dec. 2023 was 229.23. 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. Geospace Technologies Corp has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Geospace Technologies's Interest Coverage or its related term are showing as below:

GEOS' s Interest Coverage Range Over the Past 10 Years
Min: 73.69 Med: 94.84 Max: 151.46
Current: 151.46

GEOS's Interest Coverage is ranked better than
85.56% of 762 companies
in the Oil & Gas industry
Industry Median: 6.74 vs GEOS: 151.46

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

Geospace Technologies Interest Coverage Historical Data

The historical data trend for Geospace Technologies'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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Geospace Technologies Interest Coverage Chart

Geospace Technologies Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

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N/A

73.69

Geospace Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															-	78.95	134.91	117.26	229.23

Competitive Comparison of Geospace Technologies's Interest Coverage

For the Oil & Gas Equipment & Services subindustry, Geospace Technologies'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.

Geospace Technologies's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Geospace Technologies's Interest Coverage falls into.

Geospace Technologies 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.

Geospace Technologies's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Geospace Technologies's Interest Expense was $-0.1 Mil. Its Operating Income was $9.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.5 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Sep. 2023 )	/	Interest Expense (A: Sep. 2023 )
	=	-1	*	9.875	/	-0.134
	=	73.69

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

Here, for the three months ended in Dec. 2023, Geospace Technologies's Interest Expense was $-0.1 Mil. Its Operating Income was $12.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	12.837	/	-0.056
	=	229.23

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

Geospace Technologies (NAS:GEOS) 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 .

Geospace Technologies Interest Coverage Related Terms

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

Geospace Technologies (Geospace Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Geospace Technologies Corp (NAS:GEOS) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

7007 Pinemont Drive, Houston, TX, USA, 77040-6601

Website

https://www.geospace.com

Geospace Technologies Corp is engaged in designing and manufacturing of seismic instruments and non-seismic equipment used in the oil and gas industry. The company has three different segments: oil and gas markets, adjacent markets, and emerging markets. The oil and gas markets segment, which accounts for the majority of the company's revenue, includes traditional exploration products, wireless exploration products, and reservoir characterization products and services. The adjacent markets business is closely tied to the oil and gas markets and includes imaging products and industrial products. The company operates globally across Asia, Canada, Europe, South America and others with more than half of revenue generated within the United States.

Executives

Gary D Owens	director, officer: President & CEO	7007 PINEMONT DRIVE, HOUSTON TX 77040
Walter R. Wheeler	officer: Executive Vice President	7007 PINEMONT DRIVE, HOUSTON TX 77040
Robbin B. Adams	officer: Executive Vice President	7007 PINEMONT DRIVE, HOUSTON TX 77040
Margaret Ashworth	director	6212 PARKHILL DRIVE, ALEXANDRIA VA 22312
Kenneth Asbury	director	1100 N. GLEBE ROAD, ARLINGTON VA 22201
Tina M Langtry	director	3211 CANYON LINKS DRIVE, KATY TX 77450
Thomas L Davis	director	COLORADO SCHOOL OF MINES-DEPT. OF GEOPHY, 1500 ILLINOISE STREET, GOLDEN CO 80401-1887
William H Moody	director	2309 BIRKDALE LANE, KERRVILLE TX 78028
Richard F Miles	director	7007 PINEMONT DRIVE, HOUSTON TX 77040
Robert L. Curda	officer: Chief Financial Officer	7007 PINEMONT, HOUSTON TX 77040
Giesinger Edgar R. Jr.	director	1915 SANDGATE FALLS, HOUSTON TX 77062
Lacey Rice	officer: Vice President	2527 BUFFALO TRAIL, SUGAR LAND TX 77479
Thomas T Mcentire	officer: Chief Financial Officer	7334 N GESSNER ROAD, HOUSTON TX 77040
Michael J Sheen	director, officer: SVP & Chief Technical Officer	7007 PINEMONT DRIVE, HOUSTON TX 77040
Takashi Kanemori	director, 10 percent owner	OYO CORPORATION, 2-6 KUDAN-KITA 4-CHOME, CHIYODA-KU, TOKYO M0 102-0073