Calumet Specialty Products Partners LP (Calumet Specialty Products Partners LP) Interest Coverage

: 0 (At Loss) (As of Dec. 2023)

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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. Calumet Specialty Products Partners LP's Operating Income for the three months ended in Dec. 2023 was $-9 Mil. Calumet Specialty Products Partners LP's Interest Expense for the three months ended in Dec. 2023 was $-58 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Calumet Specialty Products Partners LP's Interest Coverage or its related term are showing as below:

CLMT' s Interest Coverage Range Over the Past 10 Years
Min: 0.22 Med: 0.76 Max: 1.5
Current: 1.22

CLMT's Interest Coverage is ranked worse than
89.87% of 760 companies
in the Oil & Gas industry
Industry Median: 6.67 vs CLMT: 1.22

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

Calumet Specialty Products Partners LP Interest Coverage Historical Data

The historical data trend for Calumet Specialty Products Partners 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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Calumet Specialty Products Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

0.91

0.75

1.22

Calumet Specialty Products Partners 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																-	0.88	0.42	3.63	-

Competitive Comparison

For the Oil & Gas E&P subindustry, Calumet Specialty Products Partners 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.

Calumet Specialty Products Partners LP Interest Coverage Distribution

For the Oil & Gas industry and Energy sector, Calumet Specialty Products Partners LP's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Calumet Specialty Products Partners LP's Interest Coverage falls into.

Calumet Specialty Products Partners 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.

Calumet Specialty Products Partners LP'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, Calumet Specialty Products Partners LP's Interest Expense was $-222 Mil. Its Operating Income was $271 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,869 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	270.7	/	-221.7
	=	1.22

Calumet Specialty Products Partners LP's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Calumet Specialty Products Partners LP's Interest Expense was $-58 Mil. Its Operating Income was $-9 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,869 Mil.

Calumet Specialty Products Partners LP did not have earnings to cover the interest expense.

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

Calumet Specialty Products Partners LP (NAS:CLMT) 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 .

Calumet Specialty Products Partners LP Interest Coverage Related Terms

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Calumet Specialty Products Partners LP (Calumet Specialty Products Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Calumet Specialty Products Partners LP (NAS:CLMT) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

2780 Waterfront Parkway East Drive, Suite 200, Indianapolis, IN, USA, 46214

Website

https://www.calumetspecialty.com

Calumet Specialty Products Partners LP is an independent producer of specialty hydrocarbon products in North America. The company operates through three segments namely Specialty Products and Solutions segment manufacture and market solvents, waxes, customized lubricating oils, white oils, petrolatum's, gels, esters, and other products. In Performance Brands segment, the company blend, package and market high performance products through its Royal Purple, Bel-Ray, and TruFuel brands. The Montana/Renewables segment is comprised of two businesses - renewable diesel and specialty asphalt. The Corporate segment primarily consists of general and administrative expenses not allocated to the Specialty Products and Solutions, Performance Brands or Montana/Renewables segments.

Executives

Stephen P Mawer	director	2780 WATERFRONT PKWY E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214
John G. Boss	director	260 HUDSON RIVER ROAD, WATERFORD NY 12188
Ryan Willman	officer: Chief Accounting Officer	2780 WATERFRONT PKWY E. DR., STE. 200, INDIANAPOLIS IN 46214
Scott Obermeier	officer: EVP - Commercial	2780 WATERFRONT PARKWAY, E. DRIVE, INDIANAPOLIS IN 46214
Daniel J Sajkowski	director	5400 WEST 86TH STREET, INDIANAPOLIS IN 46268
James S Carter	director	2780 WATERFRONT PKWY. E. DRIVE, SUITE 200, INDIANPOLIS IN 46214
Louis Todd Borgmann	officer: SVP and Interim CFO	2780 WATERFRONT PARKWAY, E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214
Karen A. Twitchell	director	9 COURTLANDT PLACE, HOUSTON TX 77006
Marc Lawn	officer: EVP - Performance Brands	2780 WATERFRONT PKWY E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214
Paul C Raymond	director	HERCULES PLAZA, 1313 N MARKET STREET, WILMINGTON DE 19894
Vincent Donargo	officer: Chief Accounting Officer	ONE CELADON DRIVE, 9503 E. 33RD STREET, INDIANAPOLIS IN 46235
H. Keith Jennings	officer: Chief Financial Officer	2000 ST. JAMES PLACE, HOUSTON TX 77056
A Anderson William	officer: VP - Sales and Marketing	2780 WATERFRONT PARKWAY E. DRIVE,, SUITE 200, INDIANAPOLIS IN 46214
Daniel L Sheets	director	29400 LAKELAND BOULEVARD, WICKLIFFE OH 44092
David West Griffin	officer: EVP and CFO	2780 WATERFRONT PARKWAY E. DRIVE, SUITE 200, INDIANAPOLIS IN 46214