Liberty Energy (Liberty Energy) Interest Expense : $-29 Mil (TTM As of Mar. 2024)

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What is Liberty Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Liberty Energy's interest expense for the three months ended in Mar. 2024 was $ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-29 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. Liberty Energy's Operating Income for the three months ended in Mar. 2024 was $ 114 Mil. Liberty Energy's Interest Expense for the three months ended in Mar. 2024 was $ -8 Mil. Liberty Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 15.15. 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.

Liberty Energy Interest Expense Historical Data

The historical data trend for Liberty Energy'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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Liberty Energy Interest Expense Chart

Liberty Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-17.49

-14.77

-15.60

-22.72

-29.49

Liberty Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-8.26	-6.83	-7.31	-7.10	-7.54

Liberty Energy 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-29 Mil.

Liberty Energy (NYSE:LBRT) 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.

Liberty Energy's Interest Expense for the three months ended in Mar. 2024 was $-8 Mil. Its Operating Income for the three months ended in Mar. 2024 was $114 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $373 Mil.

Liberty Energy's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	114.273	/	-7.541
	=	15.15

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

Liberty Energy (Liberty Energy) Business Description

Industry

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

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Traded in Other Exchanges

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Address

950 17th Street, Suite 2400, Denver, CO, USA, 80202

Website

https://www.libertyenergy.com

Liberty Energy is an oilfield services company that provides hydraulic fracturing services—mainly pressure pumping—in major basins throughout North America. Its 2020 acquisition of Schlumberger's OneStim business segment made Liberty one of the largest pressure pumpers in North America. It also added wireline operations, two Permian frac sand mines, and an expanded technological portfolio.

Executives

Christopher A Wright	director, officer: Chief Executive Officer	106 ALTA VISTA AVENUE, MILL VALLEY CA 94941
R Sean Elliott	officer: See Remarks	6565 MACARTHUR BLVD, SUITE 1050, IRVING TX 75039
Ron Gusek	officer: President	950 17TH STREET, SUITE 2000, DENVER CO 80202
Ken Babcock	director	950 17TH STREET, SUITE 2000, DENVER CO 80202
Ryan T Gosney	officer: Chief Accounting Officer	950 17TH STREET, SUITE 2000, DENVER CO 80202
Michael Stock	officer: Chief Financial Officer	950 17TH STREET, SUITE 2000, DENVER CO 80202
Limited/nv Schlumberger	10 percent owner	5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Audrey Robertson	director	BONANZA CREEK ENERGY, INC., 410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Riverstone/carlyle Energy Partners Iv, L.p.	director, 10 percent owner	C/O RIVERSTONE HOLDINGS LLC, 712 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10019
Simon Ayat	director	C/O SCHLUMBERGER LIMITED, 5999 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
James R Mcdonald	director	13126 CONIFER RD, HOUSTON TX 77079
B.v. Schlumberger	10 percent owner	5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Schlumberger Holdings Corp	10 percent owner	5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Schlumberger Technology Corp	10 percent owner	300 SCHLUMBERGER DRIVE, MD 23, SUGAR LAND TX 77478
Brett Staffieri	director	950 17TH STREET, SUITE 2000, DENVER CO 80202