Mexco Energy (Mexco Energy) Interest Expense : $-0.01 Mil (TTM As of Dec. 2023)

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What is Mexco Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mexco Energy's interest expense for the three months ended in Dec. 2023 was $ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.01 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. Mexco Energy's Operating Income for the three months ended in Dec. 2023 was $ 0.51 Mil. Mexco Energy's Interest Expense for the three months ended in Dec. 2023 was $ -0.00 Mil. Mexco Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 513.00. 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.

Mexco Energy Interest Expense Historical Data

The historical data trend for Mexco Energy'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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Mexco Energy Interest Expense Chart

Mexco Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.02

-0.04

-0.05

-0.03

-0.01

Mexco Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Mexco Energy 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.01 Mil.

Mexco Energy (AMEX:MXC) 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.

Mexco Energy's Interest Expense for the three months ended in Dec. 2023 was $-0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was $0.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.00 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.513	/	-0.001
	=	513.00

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. Mexco Energy Corp has enough cash to cover all of its debt. Its financial situation is stable.

Mexco Energy (Mexco Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mexco Energy Corp (AMEX:MXC) » Definitions » Interest Expense

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MZB:Germany

Address

415 W. Wall Street, Suite 475, Midland, TX, USA, 79701

Website

https://www.mexcoenergy.com

Mexco Energy Corporation is an independent oil and gas company. It is engaged in the exploration, development, and production of natural gas and crude oil properties located in the United States. The company carried out its operation in the Permian Basin of West Texas. It is focusing on two primary areas, the Delaware Basin located in the Western portion of the Permian Basin including Lea and Eddy Counties, New Mexico and Loving County, Texas, and the Midland Basin located in the Eastern portion of the Permian Basin including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties, Texas. The company generates revenue from Oil sales, Natural gas sales, oil and gas royalty interests.

Executives

Thomas H Decker	director	271 HARBOR ROAD, RYE NH 03870
Tammy Mccomic	officer: Vice President and Treasurer	4417 W. STOREY, MIDLAND TX 79703
Stacy D. Hardin	officer: SECRETARY	2604 CIMMARON AVENUE, MIDLAND TX 79705
Donna Gail Yanko	director, officer: Vice President and Secretary
Tom Craddick	director	500 WEST TEXAS, SUITE 880, MIDLAND TX 79701
Michael J Banschbach	director	505 N. BIG SPRING, SUITE 504, MIDLAND TX 79701
Kenneth L. Clayton	director	12,335 BROKEN BOUGH DRIVE, HOUSTON TX 77024
Nicholas C Taylor	director, 10 percent owner, officer: President	1203 COUNTRY CLUB DRIVE, MIDLAND TX 79701
Christopher M Schroeder	director	5627 POTOMAC AVENUE NW, WASHINGTON DC 20016
Jack D Ladd	director	PO BOX 1540, MIDLAND TX 79702
Cox Howard E Jr	10 percent owner	880 WINTER ST 3RD FLOOR, WALTHAM MA 02451
Thomas Jr Graham	director, other: Chairman of the Board	C/O LIGHTBRIDGE CORPORATION, 11710 PLAZA AMERICA DRIVE, SUITE 2000, RESTON VA 20190
Paul G Hines	director	17 TRACHELLE LANE, CHARLESTON SC 29407
Jeffry A Smith	director	P O BOX 1374, MIDLAND TX 79702
Arden R Grover	director