Razor Energy (Razor Energy) Interest Expense : $-6.56 Mil (TTM As of Sep. 2023)

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What is Razor Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Razor Energy's interest expense for the three months ended in Sep. 2023 was $ -1.22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-6.56 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. Razor Energy's Operating Income for the three months ended in Sep. 2023 was $ -1.62 Mil. Razor Energy's Interest Expense for the three months ended in Sep. 2023 was $ -1.22 Mil. Razor 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.

Razor Energy Interest Expense Historical Data

The historical data trend for Razor 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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Razor Energy Interest Expense Chart

Razor Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-3.41

-3.73

-5.16

-5.17

-6.74

Razor Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-1.68	-2.01	-1.66	-1.67	-1.22

Razor 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.56 Mil.

Razor Energy (OTCPK:RZREF) 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.

Razor Energy's Interest Expense for the three months ended in Sep. 2023 was $-1.22 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-1.62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $1.30 Mil.

Razor Energy's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Razor Energy did not have earnings to cover the interest expense.

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

Razor Energy (Razor Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Razor Energy Corp (OTCPK:RZREF) » Definitions » Interest Expense

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R9N:Germany RZE:Canada

Address

500-5th Avenue SW, Suite 800, Calgary, AB, CAN, T2P 3L5

Website

https://www.razor-energy.com

Razor Energy Corp is a junior oil and gas development and production company. The company is focused on the acquisition and production of oil and gas properties in Alberta. It is involved in the production and development of light oil in Swan Hills Beaverhill Lake and Kaybob Triassic Montney formations.