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U.S. Xpress Enterprises (U.S. Xpress Enterprises) Interest Coverage : 0 (At Loss) (As of Mar. 2023)


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What is U.S. Xpress Enterprises 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. U.S. Xpress Enterprises's Operating Income for the three months ended in Mar. 2023 was $-30 Mil. U.S. Xpress Enterprises's Interest Expense for the three months ended in Mar. 2023 was $-7 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 U.S. Xpress Enterprises's Interest Coverage or its related term are showing as below:


USX's Interest Coverage is not ranked *
in the Transportation industry.
Industry Median: 5.605
* Ranked among companies with meaningful Interest Coverage only.

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


U.S. Xpress Enterprises Interest Coverage Historical Data

The historical data trend for U.S. Xpress Enterprises'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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U.S. Xpress Enterprises Interest Coverage Chart

U.S. Xpress Enterprises Annual Data
Trend Dec05 Dec06 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.57 1.17 2.31 1.32 -

U.S. Xpress Enterprises Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 1.46 - - -

Competitive Comparison of U.S. Xpress Enterprises's Interest Coverage

For the Trucking subindustry, U.S. Xpress Enterprises'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.


U.S. Xpress Enterprises's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, U.S. Xpress Enterprises's Interest Coverage distribution charts can be found below:

* The bar in red indicates where U.S. Xpress Enterprises's Interest Coverage falls into.



U.S. Xpress Enterprises 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.

U.S. Xpress Enterprises's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, U.S. Xpress Enterprises's Interest Expense was $-18 Mil. Its Operating Income was $-27 Mil. And its Long-Term Debt & Capital Lease Obligation was $590 Mil.

U.S. Xpress Enterprises did not have earnings to cover the interest expense.

U.S. Xpress Enterprises's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Here, for the three months ended in Mar. 2023, U.S. Xpress Enterprises's Interest Expense was $-7 Mil. Its Operating Income was $-30 Mil. And its Long-Term Debt & Capital Lease Obligation was $626 Mil.

U.S. Xpress Enterprises did not have earnings to cover the interest expense.

* 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.


U.S. Xpress Enterprises  (NYSE:USX) 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 .


U.S. Xpress Enterprises Interest Coverage Related Terms

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


U.S. Xpress Enterprises (U.S. Xpress Enterprises) Business Description

Traded in Other Exchanges
N/A
Address
4080 Jenkins Road, Chattanooga, TN, USA, 37421
U.S. Xpress Enterprises Inc provides transportation services throughout the United States, with a focus on the densely populated and economically diverse eastern half of the United States. The Company offers its customers a broad portfolio of services using its own asset-based truckload fleet and third-party carriers through its asset-light freight brokerage network. The Company has two reportable segments; the Truckload segment offers asset-based truckload services, including over-the-road (OTR) trucking and dedicated contract services, and the Brokerage segment is engaged in asset-light freight brokerage services, where loads are contracted to third-party carriers.
Executives
Nathan H Harwell officer: EVP, Chief Legal Off., Sec. 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Amanda R Thompson officer: EVP - People and Safety 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Justin C Harness officer: EVP - Operations 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Jason Grear officer: EVP - Accounting & Finance 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Eric A. Peterson officer: Chief Financial Off. & Treas. 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Max L. Fuller 2008 Irrevocable Trust Fbo William E. Fuller 10 percent owner 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Janice Fuller 10 percent owner, other: Co-Trustee 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Fuller Family Enterprises, Llc 10 percent owner 4080 JENKINS ROAD, CHATTANOOGA TN 37421
William Eric Fuller director, 10 percent owner, officer: President & CEO, other: Co-Trustee & Managing GP 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Edward Hall Braman director 3310 WEST END AVENUE, SUITE 700, NASHVILLE TN 37203
Dennis Alan Nash director 4450 BELDEN VILLAGE ST. NW #800, CANTON OH 44718
Jon Beizer director 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Jennifer Buckner director 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Michael L Ducker director P O BOX 813, LIBERTY CORNER NJ 07938
John C Rickel director 4080 JENKINS ROAD, CHATTANOOGA TN 37421