Superior Drilling Products (Superior Drilling Products) Interest Expense : $-0.73 Mil (TTM As of Mar. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Superior Drilling Products Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Superior Drilling Products's interest expense for the three months ended in Mar. 2024 was $ -0.19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.73 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. Superior Drilling Products's Operating Income for the three months ended in Mar. 2024 was $ 0.16 Mil. Superior Drilling Products's Interest Expense for the three months ended in Mar. 2024 was $ -0.19 Mil. Superior Drilling Products's Interest Coverage for the quarter that ended in Mar. 2024 was 0.82. 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.

Superior Drilling Products Interest Expense Historical Data

The historical data trend for Superior Drilling Products'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.

* Premium members only.

Superior Drilling Products Interest Expense Chart

Superior Drilling Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-0.77

-0.58

-0.54

-0.57

-0.69

Superior Drilling Products 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															-0.15	-0.13	-0.20	-0.21	-0.19

Superior Drilling Products 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 $-0.73 Mil.

Superior Drilling Products (AMEX:SDPI) 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.

Superior Drilling Products's Interest Expense for the three months ended in Mar. 2024 was $-0.19 Mil. Its Operating Income for the three months ended in Mar. 2024 was $0.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $5.77 Mil.

Superior Drilling Products'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	*	0.159	/	-0.194
	=	0.82

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

Superior Drilling Products (Superior Drilling Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Superior Drilling Products Inc (AMEX:SDPI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SDW:Germany

Address

1583 South 1700 East, Vernal, UT, USA, 84078

Website

https://www.sdpi.com

Superior Drilling Products Inc is engaged in providing equipment and services to the oil and gas industry. It specialises in the design and manufacture of drilling tool technologies including the patented Drill-N-Ream wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for an oilfield services company. The company operates in North America and other international regions, of which key revenue is derived from North America.

Executives

Star Equity Fund, Lp	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Fund Gp, Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Investment Management Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Value, Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Holdings, Inc.	10 percent owner	53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870
Christopher Cashion	officer: Chief Financial Officer	1583 S. 1700 E., VERNAL UT 84078
Robert Iverson	director	4928 FM 1374 ROAD, HUNTSVILLE TX 77340
Annette Meier	director, 10 percent owner, officer: See Remarks	1583 S. 1700 E., VERNAL UT 84078
G. Troy Meier	director, 10 percent owner, officer: See Remarks	1583 S. 1700 E., VERNAL UT 84078
Lone Star Value Management Llc	10 percent owner	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
James R Lines	director	11 HILLSIDE PARKWY, LANCSTER NY 14068
Jeffrey E. Eberwein	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Lone Star Value Co-invest I, Lp	other: See Footnote 1	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Investors Gp Llc	10 percent owner	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Investors Lp	10 percent owner	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870