Lake Area Corn Processors LLC (Lake Area Corn Processors LLC) Interest Coverage : 15.28 (As of Mar. 2024)

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What is Lake Area Corn Processors LLC 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. Lake Area Corn Processors LLC's Operating Income for the three months ended in Mar. 2024 was $1.3 Mil. Lake Area Corn Processors LLC's Interest Expense for the three months ended in Mar. 2024 was $-0.1 Mil. Lake Area Corn Processors LLC's interest coverage for the quarter that ended in Mar. 2024 was 15.28. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Lake Area Corn Processors LLC's Interest Coverage or its related term are showing as below:

LKCRU' s Interest Coverage Range Over the Past 10 Years
Min: 1.15 Med: 205.49 Max: 4536.5
Current: 138.21

LKCRU's Interest Coverage is ranked better than
85.53% of 760 companies
in the Oil & Gas industry
Industry Median: 6.705 vs LKCRU: 138.21

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

Lake Area Corn Processors LLC Interest Coverage Historical Data

The historical data trend for Lake Area Corn Processors LLC'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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Lake Area Corn Processors LLC Interest Coverage Chart

Lake Area Corn Processors LLC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.15

63.66

240.65

140.29

Lake Area Corn Processors LLC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															27.19	63.77	813.88	282.40	15.28

Competitive Comparison of Lake Area Corn Processors LLC's Interest Coverage

For the Oil & Gas Refining & Marketing subindustry, Lake Area Corn Processors LLC'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.

Lake Area Corn Processors LLC's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Lake Area Corn Processors LLC's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Lake Area Corn Processors LLC's Interest Coverage falls into.

Lake Area Corn Processors LLC 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.

Lake Area Corn Processors LLC's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Lake Area Corn Processors LLC's Interest Expense was $-0.2 Mil. Its Operating Income was $29.9 Mil. And its Long-Term Debt & Capital Lease Obligation was $20.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	29.881	/	-0.213
	=	140.29

Lake Area Corn Processors LLC's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Lake Area Corn Processors LLC's Interest Expense was $-0.1 Mil. Its Operating Income was $1.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $19.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1.314	/	-0.086
	=	15.28

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

Lake Area Corn Processors LLC (GREY:LKCRU) 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 .

Lake Area Corn Processors LLC Interest Coverage Related Terms

Thank you for viewing the detailed overview of Lake Area Corn Processors LLC's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Lake Area Corn Processors LLC (Lake Area Corn Processors LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lake Area Corn Processors LLC (GREY:LKCRU) » Definitions » Interest Coverage

Traded in Other Exchanges

N/A

Address

46269 SD Highway 34, P.O. Box 100, Wentworth, SD, USA, 57075

Website

http://www.dakotaethanol.com

Lake Area Corn Processors LLC is a South Dakota limited liability company that owns and manages an ethanol plant that has a nameplate production capacity of 90 million gallons of ethanol per year through its wholly-owned subsidiary Dakota Ethanol, LLC. The principal products produced at the ethanol plant are fuel-grade ethanol, distillers grains and corn oil. The company reports its financial and operating performance in two segments production, which includes the manufacture and marketing of fuel-grade ethanol and co-products of the ethanol production process and ethanol-producing equity method investments, which consists of the aggregation of the company's two equity method operating segments of investment in Guardian Hankinson, LLC and investment in Ring-neck Energy & Feed, LLC.

Executives

Paul Geraets	officer: Commodity Manager	604 W. 9TH, DELL RAPIDS SD 57022
Marty Thompson	director	44762 241ST STREET, WINFRED SD 57076
Wayne Backus	director	313 S. CENTENNIAL AVE, WENTWORTH SD 57075
Dave Anthony Wolles	director	46951 245TH STREET, DELL RAPIDS SD 57022
Randall Lloyd Hansen	director	46094 - 239TH STREET, WENTWORTH SD 57075
Gene Buchholtz Robbi	officer: Chief Financial Officer	45102 HERMAN BOULEVARD, MADISON SD 57042
Alan Mundt Scott	officer: Chief Executive Officer	7105 VALLEY VIEW CIRCLE, BROOKINGS SD 57006
Rick Alan Kasperson	director	21664 - 457TH AVENUE, ARLINGTON SD 57212
Brian D Woldt	director
Van Duyn Douglas L	director
Dean Frederickson	other: General Manager of Plant
Gregory Van Zanten	director
Dale L Thompson	director
Todd M Brown	director	1007 EAGLE RUN, DELL RAPIDS SD 57022
Ronald C Alverson	director

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