Tourmaline Oil (FRA:08T) Interest Expense : €-48 Mil (TTM As of Jun. 2024)

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What is Tourmaline Oil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tourmaline Oil's interest expense for the three months ended in Jun. 2024 was € -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-48 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. Tourmaline Oil's Operating Income for the three months ended in Jun. 2024 was € 159 Mil. Tourmaline Oil's Interest Expense for the three months ended in Jun. 2024 was € -20 Mil. Tourmaline Oil's Interest Coverage for the quarter that ended in Jun. 2024 was 7.91. 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.

Tourmaline Oil Interest Expense Historical Data

The historical data trend for Tourmaline Oil'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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Tourmaline Oil Interest Expense Chart

Tourmaline Oil Annual Data

Trend

Dec14

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Dec19

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Dec23

Interest Expense

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-40.42

-27.04

-25.30

-20.80

-26.10

Tourmaline Oil Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-7.14	-5.53	-9.92	-12.21	-20.14

Tourmaline Oil 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-48 Mil.

Tourmaline Oil (FRA:08T) 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.

Tourmaline Oil's Interest Expense for the three months ended in Jun. 2024 was €-20 Mil. Its Operating Income for the three months ended in Jun. 2024 was €159 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was €971 Mil.

Tourmaline Oil's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	159.285	/	-20.142
	=	7.91

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

Tourmaline Oil Business Description

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TRMLF:USA 08T:Germany TOU:Canada

Address

250 - 6th Avenue South West, Suite 2900, Calgary, AB, CAN, T2P 3H7

Website

https://www.tourmalineoil.com

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. It includes the Alberta Deep Basin, the Northeast British Columbia Montney, and the Peace River Triassic Oil complex.

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