Gran Tierra Energy (Gran Tierra Energy) Interest Expense : $-50.0 Mil (TTM As of Dec. 2023)

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What is Gran Tierra Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gran Tierra Energy's interest expense for the three months ended in Dec. 2023 was $ -15.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-50.0 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. Gran Tierra Energy's Operating Income for the three months ended in Dec. 2023 was $ 37.7 Mil. Gran Tierra Energy's Interest Expense for the three months ended in Dec. 2023 was $ -15.4 Mil. Gran Tierra Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 2.45. 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.

Gran Tierra Energy Interest Expense Historical Data

The historical data trend for Gran Tierra 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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Gran Tierra Energy Interest Expense Chart

Gran Tierra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-39.89

-50.52

-50.57

-42.97

-49.98

Gran Tierra 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															-9.99	-11.06	-11.66	-11.91	-15.35

Gran Tierra 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 $-50.0 Mil.

Gran Tierra Energy (AMEX:GTE) 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.

Gran Tierra Energy's Interest Expense for the three months ended in Dec. 2023 was $-15.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $37.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $519.5 Mil.

Gran Tierra 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	*	37.679	/	-15.352
	=	2.45

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

Gran Tierra Energy (Gran Tierra Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gran Tierra Energy Inc (AMEX:GTE) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

500 Centre Street South East, Calgary, AB, CAN, T2G 1A6

Website

https://www.grantierra.com

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties. The firm produces light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company derives its revenue from Colombia.

Executives

Ronald Royal	director	C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
Phillip D Abraham	officer: VP, Legal and Business Dev.	GRAN TIERRA ENERGY INC., 500 CENTRE STREET SE, CALGARY Z4 A0 T2G 1A6
Robert G Will	officer: Vice President, Asset Manager	GRAN TIERRA ENERGY INC., 500 CENTRE STREET SE, CALGARY Z4 A0 T2G 1A6
Ryan Ellson	officer: EVP and CFO	C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
Alison Redford	director	C/O GRAN TIERRA ENERGY INC., 900, 520 - 3 AVENUE SW, CALGARY Z4 T2P 0R3
Gmt Capital Corp	10 percent owner	GMT CAPITAL CORP, 2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH, ATLANTA GA 30339
Brooke N. Wade	director	500-1195 WEST BROADWAY, VANCOUVER A1 V6H 3X5
Lawrence West	officer: VP, Exploration	C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
Gary Guidry	director, officer: President and CEO	C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
David P Smith	director	C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
Sondra Scott	director	C/O GRAN TIERRA ENERGY INC., 900, 520-3 AVENUE SW, CALGARY A0 T2P 0R3
Jim Evans	officer: VP, Corporate Services	C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2
Remi Anthony Berthelet	officer: Chief Operating Officer	C/O GRAN TIERRA ENERGY INC., 900, 520 - 3 AVENUE SW, CALGARY A0 T2P 0R3
Rodger Derrick Trimble	officer: VP, Investor Relations	C/O GRAN TIERRA ENERGY INC., 200, 150-13 AVENUE SW, CALGARY A0 T2R 0V2
Robert B. Hodgins	director	C/O GRAN TIERRA ENERGY INC., 200, 150 13 AVENUE SW, CALGARY A0 T2R 0V2