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TransAtlantic Petroleum (TransAtlantic Petroleum) Interest Expense : $-9.82 Mil (TTM As of Sep. 2020)


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What is TransAtlantic Petroleum Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TransAtlantic Petroleum's interest expense for the three months ended in Sep. 2020 was $ -2.56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2020 was $-9.82 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. TransAtlantic Petroleum's Operating Income for the three months ended in Sep. 2020 was $ 1.79 Mil. TransAtlantic Petroleum's Interest Expense for the three months ended in Sep. 2020 was $ -2.56 Mil. TransAtlantic Petroleum's Interest Coverage for the quarter that ended in Sep. 2020 was 0.70. 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.

TransAtlantic Petroleum Interest Expense Historical Data

The historical data trend for TransAtlantic Petroleum'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.

TransAtlantic Petroleum Interest Expense Chart

TransAtlantic Petroleum Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.08 -11.84 -8.84 -10.05 -10.67

TransAtlantic Petroleum Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 -2.78 -2.66 -2.21 -2.40 -2.56

TransAtlantic Petroleum 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.82 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.

TransAtlantic Petroleum  (AMEX:TAT) 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.

TransAtlantic Petroleum's Interest Expense for the three months ended in Sep. 2020 was $-2.56 Mil. Its Operating Income for the three months ended in Sep. 2020 was $1.79 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2020 was $0.00 Mil.

TransAtlantic Petroleum's Interest Coverage for the quarter that ended in Sep. 2020 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2020 )/Interest Expense (Q: Sep. 2020 )
=-1*1.787/-2.557
=0.70

* 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.

TransAtlantic Petroleum (TransAtlantic Petroleum) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TransAtlantic Petroleum Ltd (AMEX:TAT) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
16803 Dallas Parkway, Addison, TX, USA, 75001
Website
http://www.transatlanticpetroleum.com
TransAtlantic Petroleum Ltd is an oil and natural gas company, which is engaged in the acquisition, exploration, development, and production of oil and natural gas. It operates through the Turkey and Bulgaria geographical segments. It holds interests in developed and undeveloped oil and natural gas properties in Turkey and Bulgaria. All of its oil production is concentrated in southeastern Turkey, primarily in the Arpatepe, Bahar, Goksu and Selmo oil fields, and its natural gas production is concentrated in the Thrace Basin, which is located in northwestern Turkey near Istanbul. The firm derives the majority of revenue from of crude oil and natural gas.
Executives
Mary E West other: See REMARKS 1603 ORRINGTON AVE STE 810 EVANSTON IL 60201
Mitchell Noah Malone Iii director, 10 percent owner, officer: Chief Executive Officer 16803 DALLAS PARKWAY, ADDISON TX 75001
West Family Investments, Inc. other: See REMARKS 1603 ORRINGTON AVE, SUITE 810 EVANSTON IL 60201
Randy Rochman director 16803 DALLAS PARKWAY ADDISON TX 75001
Jonathon Fite director 16803 DALLAS PARKWAY ADDISON TX 75001
West Investment Holdings, Llc 10 percent owner, other: See REMARKS 1603 ORRINGTON AVE., SUITE 810 EVANSTON IL 60201
Gary West other: See REMARKS 1603 ORRINGTON AVE., SUITE 810 EVANSTON IL 60201
Todd Dutton officer: President 16803 DALLAS PARKWAY ADDISON TX 75001
Tabitha Bailey officer: VP & General Counsel 16803 DALLAS PARKWAY, ADDISON TX 75001
Michael Paul Hill officer: Chief Accounting Officer 16803 DALLAS PARKWAY ADDISON TX 75001
Selami Uras officer: Executive VP Turkey 16803 N. DALLAS PARKWAY ADDISON TX 75001
David Gerald Mitchell officer: Vice President Engineering 16803 DALLAS PARKWAY ADDISON TX 75001
Galo Fabian Anda officer: Principal Accounting/Financial 16803 DALLAS PARKWAY ADDISON TX 75001
Mel G Riggs director 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Charles J Campise director

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