Arkanova Energy (Arkanova Energy) Interest Expense : $-0.90 Mil (TTM As of Sep. 2016)

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What is Arkanova Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Arkanova Energy's interest expense for the three months ended in Sep. 2016 was $ -0.23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2016 was $-0.90 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. Arkanova Energy's Operating Income for the three months ended in Sep. 2016 was $ -0.85 Mil. Arkanova Energy's Interest Expense for the three months ended in Sep. 2016 was $ -0.23 Mil. Arkanova Energy did not have earnings to cover the interest expense. 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.

Arkanova Energy Interest Expense Historical Data

The historical data trend for Arkanova 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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Arkanova Energy Interest Expense Chart

Arkanova Energy Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Interest Expense

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-0.46

-0.58

-0.69

-0.88

-0.90

Arkanova Energy Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Interest Expense	Get a 7-Day Free Trial															-0.23	-0.23	-0.22	-0.22	-0.23

Arkanova 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 Sep. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.90 Mil.

Arkanova Energy (OTCPK:AKVA) 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.

Arkanova Energy's Interest Expense for the three months ended in Sep. 2016 was $-0.23 Mil. Its Operating Income for the three months ended in Sep. 2016 was $-0.85 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2016 was $14.96 Mil.

Arkanova Energy's Interest Coverage for the quarter that ended in Sep. 2016 is calculated as

Arkanova Energy did not have earnings to cover the interest expense.

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

Arkanova Energy (Arkanova Energy) Business Description

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Address

305 Camp Craft Road, Suite 525, Austin, TX, USA, 78746

Website

http://www.arkanovaenergy.com

Arkanova Energy Corp is a junior producing oil and gas company. The company is engaged in the acquisition, exploration, and development of prospective oil and gas properties. The company holds mineral leases in leasehold interests located in Pondera and Glacier Counties, Montana. Its subsidiaries include Arkanova Acquisition Corporation, Prism Corporation and Provident Energy of Montana, LLC.

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