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Ranger Energy Services (Ranger Energy Services) Interest Coverage : 6.29 (As of Dec. 2023)


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What is Ranger Energy Services 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. Ranger Energy Services's Operating Income for the three months ended in Dec. 2023 was $4.4 Mil. Ranger Energy Services's Interest Expense for the three months ended in Dec. 2023 was $-0.7 Mil. Ranger Energy Services's interest coverage for the quarter that ended in Dec. 2023 was 6.29. The higher the ratio, the stronger the company's financial strength is.

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

RNGR' s Interest Coverage Range Over the Past 10 Years
Min: 1.86   Med: 2.46   Max: 10.14
Current: 10.14


RNGR's Interest Coverage is ranked better than
59.95% of 759 companies
in the Oil & Gas industry
Industry Median: 6.73 vs RNGR: 10.14

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


Ranger Energy Services Interest Coverage Historical Data

The historical data trend for Ranger Energy 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.

* Premium members only.

Ranger Energy Services Interest Coverage Chart

Ranger Energy Services Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only 2.14 - - 2.78 10.14

Ranger Energy 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 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 5.25 6.83 12.11 17.14 6.29

Competitive Comparison of Ranger Energy Services's Interest Coverage

For the Oil & Gas Equipment & Services subindustry, Ranger Energy 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.


Ranger Energy Services's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Ranger Energy Services's Interest Coverage falls into.



Ranger Energy Services 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.

Ranger Energy 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, Ranger Energy Services's Interest Expense was $-3.5 Mil. Its Operating Income was $35.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $14.9 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*35.5/-3.5
=10.14

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

Here, for the three months ended in Dec. 2023, Ranger Energy Services's Interest Expense was $-0.7 Mil. Its Operating Income was $4.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $14.9 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*4.4/-0.7
=6.29

* 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.


Ranger Energy Services  (NYSE:RNGR) 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 .


Ranger Energy Services Interest Coverage Related Terms

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


Ranger Energy Services (Ranger Energy Services) Business Description

Traded in Other Exchanges
Address
10350 Richmond, Suite 550, Houston, TX, USA, 77042
Ranger Energy Services Inc is a provider of onshore high specification (high-spec) well service rigs, wireline services, and additional processing solutions and ancillary services in the United States. It offers a range of well site services to leading U.S. exploration and production (E&P) companies that are fundamental to establishing and enhancing the flow of oil and natural gas throughout the productive life of a well. The segments of the group are High Specification Rigs, Wireline Services and Processing Solutions and Ancillary Services, of which key revenue is derived from High Specification Rigs segment.
Executives
Charles S. Leykum director, 10 percent owner 1000 LOUISIANA STREET, SUITE 3850, HOUSTON TX 77002
Stuart Bodden director, officer: Chief Executive Officer 10350 RICHMOND AVENUE, SUITE 550, HOUSTON TX 77042
Melissa Cougle officer: Chief Financial Officer 777 POST OAK BLVD., 7TH FLOOR, HOUSTON TX 77056
J. Matt Hooker officer: Chief Operating Officer 800 GESSNER STREET, SUITE 1000, HOUSTON TX 77024
Byron A Dunn director C/O HARVEST NATURAL RESOURCES, INC., 1177 ENCLAVE PARKWAY, SUITE 300, HOUSTON TX 77077
William M Austin director C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Dialectic Geronimo Manager Llc 10 percent owner 119 ROWAYTON AVENUE, NORWALK CT 06853
John Fichthorn 10 percent owner C/O DIALECTIC CAPITAL MANAGEMENT, LLC, 17 STATE STREET, SUITE 3930, NEW YORK NY 10004
Dialectic Partners, Llc 10 percent owner 2ND FLOOR 119 ROWAYTON AVE, NORWALK CT 06853
Dialectic Geronimo Spv Llc 10 percent owner 119 ROWAYTON AVENUE, 2ND FLOOR, NORWALK CT 06853
Dialectic Capital Management, Lp 10 percent owner 119 ROWAYTON AVENUE, 2ND FLOOR, NORWALK CT 06853
Wde Pws Aggregate, Llc 10 percent owner C/O WHITE DEER MANAGEMENT LLC, 700 LOUISIANA STREET, SUITE 4770, HOUSTON TX 77002
Thomas J Edelman 10 percent owner 777 MAIN STREET SUITE 2500, FORT WORTH TX 76102
Edelman & Guill Energy Ltd. 10 percent owner 700 LOUISIANA STREET, SUITE 4770, HOUSTON TX 77002
Ben A Guill 10 percent owner 600 TRAVIS, SUITE 6000, HOUSTON TX 77002