Genel Energy (LSE:GENL) Interest Expense : £-19.62 Mil (TTM As of Dec. 2023)

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What is Genel Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Genel Energy's interest expense for the six months ended in Dec. 2023 was £ -9.56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-19.62 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. Genel Energy's Operating Income for the six months ended in Dec. 2023 was £ 0.63 Mil. Genel Energy's Interest Expense for the six months ended in Dec. 2023 was £ -9.56 Mil. Genel Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 0.07. 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.

Genel Energy Interest Expense Historical Data

The historical data trend for Genel 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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Genel Energy Interest Expense Chart

Genel Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-22.89

-37.87

-19.78

-21.26

-19.59

Genel Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-9.85	-10.56	-10.59	-10.06	-9.56

Genel 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 semi-annually data reported by the company within the most recent 12 months, which was £-19.62 Mil.

Genel Energy (LSE:GENL) 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.

Genel Energy's Interest Expense for the six months ended in Dec. 2023 was £-9.56 Mil. Its Operating Income for the six months ended in Dec. 2023 was £0.63 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £192.92 Mil.

Genel 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	*	0.632	/	-9.559
	=	0.07

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

Genel Energy (LSE:GENL) Business Description

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GEGYF:USA GENLl:UK 4VL:Germany

Address

Fifth Floor, 36 Broadway, Victoria, London, GBR, SW1H 0BH

Website

https://www.genelenergy.com

Genel Energy PLC produces oil and gas primarily in the Kurdistan region of Iraq. The Company has two reportable business segments: Production and Pre-production. Capital allocation decisions for the production segment are considered in the context of the cash flows expected from the production and sale of crude oil. The production segment is comprised of the producing fields on the Tawke PSC , the Taq Taq PSC and the Sarta PSC which are located in the KRI and make sales predominantly to the KRG. The pre-production segment is comprised of discovered resource held under the Qara Dagh PSC, the Bina Bawi PSC and the Miran PSC , all in the KRI and exploration activity, principally located in Somaliland and Morocco.

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