Bristow Group (Bristow Group) Interest Coverage : 1.66 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Bristow Group 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. Bristow Group's Operating Income for the three months ended in Dec. 2023 was $19 Mil. Bristow Group's Interest Expense for the three months ended in Dec. 2023 was $-11 Mil. Bristow Group's interest coverage for the quarter that ended in Dec. 2023 was 1.66. The higher the ratio, the stronger the company's financial strength is.

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

VTOL' s Interest Coverage Range Over the Past 10 Years
Min: 0.79 Med: 1.26 Max: 1.33
Current: 1.31

VTOL's Interest Coverage is ranked worse than
89.5% of 762 companies
in the Oil & Gas industry
Industry Median: 6.74 vs VTOL: 1.31

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

Bristow Group Interest Coverage Historical Data

The historical data trend for Bristow Group'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.

* Premium members only.

Bristow Group Interest Coverage Chart

Bristow Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Dec23

Interest Coverage

N/A

1.26

0.79

1.33

Bristow Group Quarterly Data
	Mar19	Jun19	Sep19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial													0.92	0.21	0.79	2.56	1.66

Competitive Comparison of Bristow Group's Interest Coverage

For the Oil & Gas Equipment & Services subindustry, Bristow Group'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.

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

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

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

Bristow Group 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.

Bristow Group'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, Bristow Group's Interest Expense was $-41 Mil. Its Operating Income was $55 Mil. And its Long-Term Debt & Capital Lease Obligation was $750 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	55.082	/	-41.417
	=	1.33

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

Here, for the three months ended in Dec. 2023, Bristow Group's Interest Expense was $-11 Mil. Its Operating Income was $19 Mil. And its Long-Term Debt & Capital Lease Obligation was $750 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	18.697	/	-11.274
	=	1.66

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

Bristow Group (NYSE:VTOL) 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 .

Bristow Group Interest Coverage Related Terms

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

Bristow Group (Bristow Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bristow Group Inc (NYSE:VTOL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

3151 Briarpark Drive, 7th Floor, Suite 700, Houston, TX, USA, 77042

Website

https://www.bristowgroup.com

Bristow Group Inc is the provider of vertical flight solutions. It provides aviation services to a broad base of major integrated, national and independent energy companies. The company provides commercial search and rescue (SAR) services in multiple countries and public sector SAR services in the United Kingdom on behalf of the Maritime & Coastguard Agency (MCA). Additionally, it offers fixed wing transportation and other aviation related solutions. Its oil and gas customers charter its helicopters to transport personnel to, from and between onshore bases and offshore production platforms, drilling rigs and other installations. It has customers in Australia, Brazil, Canada, Chile, Colombia, Guyana, India, Mexico, Nigeria, Norway, Spain, Suriname, Trinidad, the U.K and the United States.

Executives

Solus Alternative Asset Management Lp	10 percent owner	25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Wesley E. Kern	director	5004 GREGORY PLACE, WEST LAKE HILLS TX 78746
Jennifer Dawn Whalen	officer: SVP, CFO	13103 SHOALWATER LANE, PEARLAND TX 77584
David F. Stepanek	officer: Executive VP and COO	2001 SE EVANGELINE THRUWAY, LAFAYETTE LA 70508
Stuart Stavley	officer: COO, Offshore Energy Services	CITYCENTRE TWO, 818 TOWN & COUNTRY BLVD., SUITE 200, HOUSTON TX 77024
Elizabeth Matthews	officer: See remarks.	3151 BRIARPARK DRIVE, SUITE 700, HOUSTON TX 77042
Brian D. Truelove	director	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Christopher Scott Bradshaw	director, officer: President and CEO	CITYCENTRE TWO, 818 TOWN & COUNTRY BLVD., SUITE 200, HOUSTON TX 33316
George Mark Mickelson	director	101 N. MAIN AVENUE, STE. 321, SIOUX FALLS SD 57104
Solus Gp Llc	10 percent owner	C/O SOLUS ALTERNATIVE ASSET MANAGEMENT, 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Christopher Pucillo	director, 10 percent owner	C/O SOLUS ALTERNATIVE ASSET MANAGEMENT, 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Richard E Tatum	officer: VP, Chief Accounting Officer	11700 KATY FREEWAY, SUITE 175, HOUSTON TX 77079
Robert Manzo	director	PARK 80 W PLZ 2, SADDLE BROOK NJ 07663
Crystal L Gordon	officer: SVP, General Counsel	945 BUNKER HILL, SUITE 650, HOUSTON TX 77024
Maryanne Miller	director	3151 BRIARPARK DRIVE, SUITE 700, HOUSTON TX 77042