Petrolia SE (OSL:PSE) Interest Expense : kr-10.2 Mil (TTM As of Dec. 2023)

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What is Petrolia SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Petrolia SE's interest expense for the six months ended in Dec. 2023 was kr -5.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was kr-10.2 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. Petrolia SE's Operating Income for the six months ended in Dec. 2023 was kr 13.6 Mil. Petrolia SE's Interest Expense for the six months ended in Dec. 2023 was kr -5.3 Mil. Petrolia SE's Interest Coverage for the quarter that ended in Dec. 2023 was 2.58. 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.

Petrolia SE Interest Expense Historical Data

The historical data trend for Petrolia SE'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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Petrolia SE Interest Expense Chart

Petrolia SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7.06

-7.04

-9.06

-9.89

-10.09

Petrolia SE 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															-4.90	-5.30	-4.52	-4.91	-5.29

Petrolia SE 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 kr-10.2 Mil.

Petrolia SE (OSL:PSE) 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.

Petrolia SE's Interest Expense for the six months ended in Dec. 2023 was kr-5.3 Mil. Its Operating Income for the six months ended in Dec. 2023 was kr13.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was kr95.8 Mil.

Petrolia SE'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	*	13.64	/	-5.285
	=	2.58

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

Petrolia SE (OSL:PSE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrolia SE (OSL:PSE) » Definitions » Interest Expense

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PSEo:Sweden

Address

205 Christodoulou Chatzipavlou Street, Loulloupis Court, 4th Floor, Office 401, Limassol, CYP, 3036

Website

https://www.petrolia.eu

Petrolia SE is an international oil service company. The main activities of the company are within two segments: The energy division and the Energy Service division. The group operates in Norway, Europe outside Norway, Asia and Australia, and other regions. The company generates maximum revenue from Asia and Australia. It generates revenue by providing drilling equipment, such as drill pipes and test strings to oil companies, drilling contractors, and oil service companies.

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