Cactus (Cactus) Interest Coverage : N/A (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Cactus 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. Cactus's Operating Income for the three months ended in Dec. 2023 was $93 Mil. Cactus's Interest Expense for the three months ended in Dec. 2023 was $0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Cactus Inc has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Cactus's Interest Coverage or its related term are showing as below:

WHD' s Interest Coverage Range Over the Past 10 Years
Min: 0.53 Med: 56.66 Max: 195.03
Current: 50.16

WHD's Interest Coverage is ranked better than
80.24% of 759 companies
in the Oil & Gas industry
Industry Median: 6.72 vs WHD: 50.16

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

Cactus Interest Coverage Historical Data

The historical data trend for Cactus'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.

* Premium members only.

Cactus Interest Coverage Chart

Cactus Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

153.65

75.21

90.55

195.03

56.66

Cactus 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															N/A	N/A	11.25	N/A	N/A

Competitive Comparison of Cactus's Interest Coverage

For the Oil & Gas Equipment & Services subindustry, Cactus'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.

Cactus's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cactus's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Cactus's Interest Coverage falls into.

Cactus 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.

Cactus'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, Cactus's Interest Expense was $-5 Mil. Its Operating Income was $279 Mil. And its Long-Term Debt & Capital Lease Obligation was $28 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	279.216	/	-4.928
	=	56.66

Cactus's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Cactus's Interest Expense was $0 Mil. Its Operating Income was $93 Mil. And its Long-Term Debt & Capital Lease Obligation was $28 Mil.

GuruFocus does not calculate Cactus's interest coverage with the available data.

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

Cactus (NYSE:WHD) 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 .

Cactus Interest Coverage Related Terms

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

Cactus (Cactus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cactus Inc (NYSE:WHD) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

920 Memorial City Way, Suite 300, Houston, TX, USA, 77024

Website

https://www.cactuswhd.com

Cactus Inc is engaged in the designing, manufacturing, and sale of wellheads and pressure control equipment. Its principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. The company also provides mission-critical field services, including service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents. It sells or rents its products principally for onshore unconventional oil and gas wells that are utilized during the drilling, completion (including fracturing), and production.

Executives

Scott Bender	director, officer: President, CEO	ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046
Joel Bender	director, officer: COO, Senior VP and Sec	ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046
Steven Bender	officer: VP of Operations	ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046
William D Marsh	officer: GC, VP of Admin. and Secretary	2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019
John A Odonnell	director	2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019
Bruce M Rothstein	director	800 WESTCHESTER AVENUE, SUITE 617 NORTH, RYE BROOK NY 10573
Stephen Tadlock	officer: VP of Corporate Services	COBALT CENTER 920 MEMORIAL CITY WAY, SUITE 300, HOUSTON TX 77024
Donna L Anderson	officer: Chief Accounting Officer	10811 S. WESTVIEW CIRCLE DRIVE, BUILDING C, SUITE 100, HOUSTON TX 77043
Michael Y Mcgovern	director	700 LOUISIANA, STE 4300, HOUSTON TX 77002
Alan Semple	director	ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046
Gary L Rosenthal	director	333 CLAY STREET, SUITE 4620, HOUSTON TX 77002
David John Isaac	officer: GC and VP of Administration	920 MEMORIAL CITY WAY, SUITE 300, HOUSTON TX 77024
Tymothi O. Tombar	director	2713 CRAWFORD ST., HOUSTON TX 77004
Cadent Energy Partners Ii Lp	director	800 WESTCHESTER AVENUE, SUITE 617 NORTH, RYE BROOK NY 10573
Melissa Law	director	920 MEMORIAL CITY WAY, SUITE 300, HOUSTON TX 77024