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PHX Energy Services (PHX Energy Services) Interest Expense : $-2.9 Mil (TTM As of Dec. 2023)


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What is PHX Energy Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PHX Energy Services's interest expense for the three months ended in Dec. 2023 was $ -0.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.9 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. PHX Energy Services's Operating Income for the three months ended in Dec. 2023 was $ 12.4 Mil. PHX Energy Services's Interest Expense for the three months ended in Dec. 2023 was $ -0.7 Mil. PHX Energy Services's Interest Coverage for the quarter that ended in Dec. 2023 was 16.73. 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.

PHX Energy Services Interest Expense Historical Data

The historical data trend for PHX Energy Services'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.

* Premium members only.

PHX Energy Services Interest Expense Chart

PHX Energy Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.98 -2.44 -2.05 -2.50 -3.48

PHX 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 Expense 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 -0.75 -0.91 -0.43 -0.85 -0.74

PHX Energy Services 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 $-2.9 Mil.

* 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.

PHX Energy Services  (OTCPK:PHXHF) Interest Expense Explanation

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. The higher, the better.

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

PHX Energy Services's Interest Expense for the three months ended in Dec. 2023 was $-0.7 Mil. Its Operating Income for the three months ended in Dec. 2023 was $12.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $31.0 Mil.

PHX Energy Services'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*12.444/-0.744
=16.73

* 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.

PHX Energy Services (PHX Energy Services) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PHX Energy Services Corp (OTCPK:PHXHF) » Definitions » Interest Expense
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Traded in Other Exchanges
PHX:Canada
Address
250-2nd Street South West, Suite 1400, Calgary, AB, CAN, T2P 0C1
Website
https://www.phxtech.com
PHX Energy Services Corp is an oil and natural gas service company. The firm, through its directional drilling subsidiary entities, provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the us. PHX Energy has developed various new technologies that have positioned the corporation technology in the horizontal and directional drilling services sector in North America. The Corporation also operates in the Middle East regions through an arrangement with National Energy Services Reunited Corp.