I think it really depends on your size of the farm and also your mining tactics. If you do have a large farm and dont have money on side for power payments (i mean cashed out when currency was overvalued) then it is problematic.
Also as you say depends a lot from energy price which is your biggest cost , building rent, cooling etc...
Mining is about competition , who will do it more efficient and cheap as possible will always be a winner. If people who dont switch out rigs and mining at loos will start to get more coins as people will start to switch out mining rigs.
It could be only my thoughts, but personally think mining calculators are useless, cause they cannot predict currency price. Its so volatile that even the biggest market caps can change by 30% daily. And dont think it is possible for any top currencies to go under production cost. Because most of the people wont sell at loos , and this means inflation is slowing down.