Dragon Oil (LSE:DGO) Interest Expense : £-1.2 Mil (TTM As of Jun. 2015)

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What is Dragon Oil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Dragon Oil's interest expense for the six months ended in Jun. 2015 was £ -1.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2015 was £-1.2 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. Dragon Oil's Operating Income for the six months ended in Jun. 2015 was £ 115.0 Mil. Dragon Oil's Interest Expense for the six months ended in Jun. 2015 was £ -1.2 Mil. Dragon Oil's Interest Coverage for the quarter that ended in Jun. 2015 was 93.34. 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.

Dragon Oil Interest Expense Historical Data

The historical data trend for Dragon 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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Dragon Oil Interest Expense Chart

Dragon Oil Annual Data

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Interest Expense

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Dragon Oil Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Interest Expense	Get a 7-Day Free Trial								-	-	-	-	-1.23

Dragon 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. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.2 Mil.

Dragon Oil (LSE:DGO) 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.

Dragon Oil's Interest Expense for the six months ended in Jun. 2015 was £-1.2 Mil. Its Operating Income for the six months ended in Jun. 2015 was £115.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2015 was £0.0 Mil.

Dragon Oil's Interest Coverage for the quarter that ended in Jun. 2015 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2015 )	/	Interest Expense (Q: Jun. 2015 )
	=	-1	*	115	/	-1.232
	=	93.34

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

Good Sign:

Dragon Oil PLC has no debt.

Dragon Oil (LSE:DGO) Business Description

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http://www.dragonoil.com

Dragon Oil PLC is an independent oil and gas exploration, development and production company. The Company's producing asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. It has exploration blocks offshore Tunisia (the Bargou Exploration Permit), in Iraq (Block 9), Afghanistan (Sanduqli and Mazar-i-Sharif blocks), offshore the Philippines (Service Contract 63) in partnership with other companies and Block 19 in Egypt. The Company develops the hydrocarbon reserves in the Cheleken Contract Area in accordance with the terms of the Production Sharing Agreement (PSA). As at 31 December 2014 the Company had probably oil reserves of 663 million barrels of oil and condensate, gas 2P reserves and contingent gas resources of c. 2.7 TCF. The Bargou Exploration Permit contains prospective resources, while Block 9, Sanduqli and Mazar-i-Sharif blocks and Block 19 are at an early stage of exploration. The Company is subject to the international laws and regulations that it operates in.

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