Star Group LP (Star Group LP) Interest Coverage : 12.39 (As of Dec. 2023)

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What is Star Group 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. Star Group LP's Operating Income for the three months ended in Dec. 2023 was $40 Mil. Star Group LP's Interest Expense for the three months ended in Dec. 2023 was $-3 Mil. Star Group LP's interest coverage for the quarter that ended in Dec. 2023 was 12.39. The higher the ratio, the stronger the company's financial strength is.

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

SGU' s Interest Coverage Range Over the Past 10 Years
Min: 3.8 Med: 6.81 Max: 11.66
Current: 4.07

SGU's Interest Coverage is ranked worse than
65.88% of 762 companies
in the Oil & Gas industry
Industry Median: 6.74 vs SGU: 4.07

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

Star Group LP Interest Coverage Historical Data

The historical data trend for Star Group 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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Star Group LP Interest Coverage Chart

Star Group LP Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

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5.14

9.48

11.66

6.99

3.80

Star Group LP 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															9.34	18.69	-	-	12.39

Competitive Comparison of Star Group LP's Interest Coverage

For the Oil & Gas Refining & Marketing subindustry, Star Group 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.

Star Group LP's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Star Group LP's Interest Coverage falls into.

Star Group 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.

Star Group LP'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, Star Group LP's Interest Expense was $-16 Mil. Its Operating Income was $59 Mil. And its Long-Term Debt & Capital Lease Obligation was $205 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Sep. 2023 )	/	Interest Expense (A: Sep. 2023 )
	=	-1	*	59.007	/	-15.532
	=	3.80

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

Here, for the three months ended in Dec. 2023, Star Group LP's Interest Expense was $-3 Mil. Its Operating Income was $40 Mil. And its Long-Term Debt & Capital Lease Obligation was $198 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	39.88	/	-3.218
	=	12.39

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

Star Group LP (NYSE:SGU) 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 .

Star Group LP Interest Coverage Related Terms

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

Star Group LP (Star Group LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Star Group LP (NYSE:SGU) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 West Broad Street, Suite 310, Stamford, CT, USA, 06902

Website

http://www.stargrouplp.com

Star Group LP is a company engaged in providing home heating products and services to residential and commercial customers. It offers heating and air conditioning equipment, as well as home security and plumbing services. The company also sells diesel fuel, gasoline, and home heating oil. Geographically, the company operates in U.S.

Executives

Bandera Partners Llc	10 percent owner	50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Jeffrey M Woosnam	director, officer: CEO and President	9 W. BROAD ST., STE. 310, STAMFORD CT 06902
Richard Ambury	officer: CFO	9 WEST BROAD STREET, SUITE 310, STAMFORD CT 06902
Daniel P. Donovan	director	C/O STAR GAS PARTNERS, L.P., 9 WEST BROAD STREET, SUITE 310, STAMFORD CT 06902
Vermylen Paul A Jr	director	C/O STAR GAS PARTNERS, L.P., 9 WEST BROAD STREET, SUITE 310, STAMFORD CT 06902
Joseph R Mcdonald	officer: Chief Customer Officer	9 W. BROAD ST., STE. 310, STAMFORD CT 06902
Jeffrey S Hammond	officer: Chief Operating Officer	9 W BROAD ST STE 310, STAMFORD CT 06902
Henry D Babcock	director	9 WEST BROAD STREET, SUITE 310, STAMFORD CT 06902
Steven Jay Goldman	director, officer: President and CEO	C/O STAR GAS PARTNERS, L.P., 9 WEST BROAD STREET, SUITE 310, STAMFORD CT 06902
David Michael Bauer	director	833 E. MICHIGAN ST, SUITE 1500, MILWAUKEE WI 53202
Yorktown Vi Associates Llc	10 percent owner	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Kestrel Energy Partners Llc	10 percent owner	2 COUNT RUMFORD LANE, HUNTINGTON NY 11743
Sheldon B Lubar	director	C/O C2 INC, 700 NORTH WATER ST SUITE 1200, MILWAUKEE WI 53202
Yorktown Energy Partners Vi Lp	10 percent owner	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Bryan H Lawrence	director	C/O CROSSTEX ENERGY HOLDINGS INC, 2501 CEDAR SPRINGS STE 600, DALLAS TX 75201