New Zealand Energy (New Zealand Energy) Interest Expense : $-0.40 Mil (TTM As of Dec. 2023)

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What is New Zealand Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. New Zealand Energy's interest expense for the three months ended in Dec. 2023 was $ -0.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.40 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. New Zealand Energy's Operating Income for the three months ended in Dec. 2023 was $ -0.26 Mil. New Zealand Energy's Interest Expense for the three months ended in Dec. 2023 was $ -0.09 Mil. New Zealand 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.

New Zealand Energy Interest Expense Historical Data

The historical data trend for New Zealand 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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New Zealand Energy Interest Expense Chart

New Zealand Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.19

-0.16

-0.19

-0.36

-0.40

New Zealand 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															-0.10	-0.09	-0.10	-0.11	-0.09

New Zealand 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 $-0.40 Mil.

New Zealand Energy (OTCPK:NZERF) 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.

New Zealand Energy's Interest Expense for the three months ended in Dec. 2023 was $-0.09 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-0.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1.87 Mil.

New Zealand Energy's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

New Zealand Energy did not have earnings to cover the interest expense.

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

New Zealand Energy (New Zealand Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » New Zealand Energy Corp (OTCPK:NZERF) » Definitions » Interest Expense

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NZ:Canada

Address

119-125 Devon Street East, P.O. Box 8440, Level 2, New Plymouth, NTL, NZL, 4310

Website

https://www.newzealandenergy.com

New Zealand Energy Corp is engaged in the exploration and production of oil and natural gas, as well as the operation of midstream assets. The company conducts its business as a single operating segment being the acquisition, exploration, development, and production of conventional oil and natural gas resources. Geographically, it operates through the region of New Zealand. It generates most of its revenues from Oil sales.

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