Contango Oil & Gas Co (Contango Oil & Gas Co) Interest Expense : $-4.8 Mil (TTM As of Sep. 2021)

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What is Contango Oil & Gas Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Contango Oil & Gas Co's interest expense for the three months ended in Sep. 2021 was $ -1.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2021 was $-4.8 Mil.

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. Contango Oil & Gas Co's Operating Income for the three months ended in Sep. 2021 was $ 31.2 Mil. Contango Oil & Gas Co's Interest Expense for the three months ended in Sep. 2021 was $ -1.6 Mil. Contango Oil & Gas Co's Interest Coverage for the quarter that ended in Sep. 2021 was 19.50. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Contango Oil & Gas Co Interest Expense Historical Data

The historical data trend for Contango Oil & Gas Co's Interest Expense 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.

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Contango Oil & Gas Co Interest Expense Chart

Contango Oil & Gas Co Annual Data

Trend

Jun11

Jun12

Jun13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-3.80

-4.10

-5.55

-8.60

-5.02

Contango Oil & Gas Co Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Expense	Get a 7-Day Free Trial															-1.06	-0.60	-1.20	-1.36	-1.60

Contango Oil & Gas Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.8 Mil.

Contango Oil & Gas Co (AMEX:MCF) Interest Expense Explanation

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

Contango Oil & Gas Co's Interest Expense for the three months ended in Sep. 2021 was $-1.6 Mil. Its Operating Income for the three months ended in Sep. 2021 was $31.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2021 was $121.7 Mil.

Contango Oil & Gas Co's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2021 )	/	Interest Expense (Q: Sep. 2021 )
	=	-1	*	31.154	/	-1.598
	=	19.50

The higher the ratio, the stronger the company's financial strength is.

Contango Oil & Gas Co (Contango Oil & Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Contango Oil & Gas Co (AMEX:MCF) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

111 E. 5th Street, Suite 300, Fort Worth, TX, USA, 76102

Website

https://www.contango.com

Contango Oil & Gas Co is an independent oil and natural gas company. It is engaged in the exploration, development, exploitation, and acquisition of crude oil and natural gas properties in the onshore Texas Gulf Coast, offshore properties in the shallow waters of the Gulf of Mexico, and other regions.

Executives

Chad B Roller	officer: SVP-Chief Operating Officer	2431 E 61ST STREET SUITE 850 TULSA OK 74136
E Joseph Grady	officer: SVP and CFO	C/O CONTANGO OIL & GAS COMPANY 717 TEXAS AVENUE, SUITE 2900 HOUSTON TX 77002
Michael J Autin	officer: Vice President Operations	717 TEXAS AVENUE SUITE 2900 HOUSTON TX 77002
Bulent Ayhan Berilgen	director	50 WEST SAN FERNANDO ST SAN JOSE CA 95113
Joseph J Romano	director	3700 BUFFALO SPEEDWAY SUITE 960 HOUSTON TX 77098
Janet W Pasque	director	1675 BROADWAY SUITE 1950 DENVER CO 80202
Will Farley Dakan	officer: President	500 COMMERCE ST. SUITE 700 FORT WORTH TX 76102
Mclawhorn Charles L Iii	officer: SVP/General Counsel/Corp Sec	2501 NORTH HARWOOD DALLAS TX 75201
Ellis L Mccain	director	C/O CONTANGO OIL & GAS COMPANY, 717 TEXAS AVENUE, SUITE 2900, HOUSTON TX 77002
Karen Jo Simon	director	1918 OLIVE STREET, #2904, DALLAS TX 75201
Dws Growth Capital Lp	10 percent owner	11 GREENWAY PLAZA, SUITE 3100 HOUSTON TX 77046
Douglas W Schnitzer	10 percent owner
Kkr Group Assets Iii Gp Llc	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001
George R Roberts	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 2800 SAND HILL ROAD, MENLO PARK CA 94025
Independence Energy Aggregator Gp Llc	10 percent owner	600 TRAVIS STREEET, SUITE 7200, HOUSTON TX 77002