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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. H&E Equipment Services's Operating Income for the three months ended in Dec. 2023 was $80 Mil. H&E Equipment Services's Interest Expense for the three months ended in Dec. 2023 was $-16 Mil. H&E Equipment Services's interest coverage for the quarter that ended in Dec. 2023 was 4.88. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for H&E Equipment Services's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for H&E Equipment Services'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.
H&E Equipment Services Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 2.28 | 1.48 | 2.32 | 3.91 | 4.58 |
H&E Equipment Services 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 | 4.79 | 3.36 | 4.70 | 5.21 | 4.88 |
For the Rental & Leasing Services subindustry, H&E Equipment Services'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.
For the Business Services industry and Industrials sector, H&E Equipment Services's Interest Coverage distribution charts can be found below:
* The bar in red indicates where H&E Equipment Services's Interest Coverage falls into.
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.
H&E Equipment Services'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, H&E Equipment Services's Interest Expense was $-61 Mil. Its Operating Income was $279 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,611 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2023 ) | / | Interest Expense (A: Dec. 2023 ) |
= | -1 | * | 279.029 | / | -60.891 | |
= | 4.58 |
H&E Equipment Services's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
Here, for the three months ended in Dec. 2023, H&E Equipment Services's Interest Expense was $-16 Mil. Its Operating Income was $80 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,611 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Dec. 2023 ) | / | Interest Expense (Q: Dec. 2023 ) |
= | -1 | * | 79.719 | / | -16.349 | |
= | 4.88 |
* 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.
The higher the ratio, the stronger the company's Financial Strength is.
H&E Equipment Services (NAS:HEES) 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 .
Thank you for viewing the detailed overview of H&E Equipment Services's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Suzanne H Wood | director | 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242 |
John Mcdowell Engquist | officer: President & COO | 7500 PECUE LANE, BATON ROUGE LA 70809 |
Gary W Bagley | director | H&E EQUIPMENT SERVICES, 4899 WEST 2100 SOUTH, SALT LAKE CITY UT 84120 |
Jacob Thomas | director | 840 CRESCENT CENTRE DR, STE 600, FRANKLIN TN 37067 |
Paul Arnold | director | C/O CORT BUSINESS SERVICE CORP, 4401 FAIR LAKES COURT, FAIRFAX VA 22033 |
Bradley W Barber | director, officer: CEO & President | H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816 |
Patrick Edsell | director | |
Lawrence C Karlson | director | C/O CDI CORP., 1717 ARCH ST 35TH FLOOR, PHILADELPHIA PA 19103-2768 |
John Sawyer | director | PENHALL CO., 1801 PENHALL WAY/ POB 4609, ANAHEIM CA 92803 |
Thompson Mary Patricia B | director | 651 S. STRATFORD DRIVE, SUITE 100, MERIDIAN ID 83642 |
Bruce Bruckmann | director | C/O MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703 |
John Engquist | director, 10 percent owner, officer: CEO & President | H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816 |
Leslie S Magee | officer: CFO & Secretary | H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816 |
John D Jones | officer: V.P., Product Support | H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816 |
William W Fox | officer: V.P., Cranes & Earthmoving | H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816 |
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