Essential Energy Services (TSX:ESN) Interest Expense : C$-1.0 Mil (TTM As of Jun. 2023)

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What is Essential Energy Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Essential Energy Services's interest expense for the three months ended in Jun. 2023 was C$ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was C$-1.0 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. Essential Energy Services's Operating Income for the three months ended in Jun. 2023 was C$ -5.2 Mil. Essential Energy Services's Interest Expense for the three months ended in Jun. 2023 was C$ -0.2 Mil. Essential Energy Services 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.

Essential Energy Services Interest Expense Historical Data

The historical data trend for Essential Energy Services'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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Essential Energy Services Interest Expense Chart

Essential Energy Services Annual Data

Trend

Dec13

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Dec18

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Dec22

Interest Expense

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-1.26

-1.76

-1.60

-1.07

-0.92

Essential Energy Services Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Expense	Get a 7-Day Free Trial															-0.21	-0.23	-0.25	-0.23	-0.25

Essential Energy Services 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.0 Mil.

Essential Energy Services (TSX:ESN) 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.

Essential Energy Services's Interest Expense for the three months ended in Jun. 2023 was C$-0.2 Mil. Its Operating Income for the three months ended in Jun. 2023 was C$-5.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was C$10.7 Mil.

Essential Energy Services's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Essential Energy Services did not have earnings to cover the interest expense.

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

Essential Energy Services (TSX:ESN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Essential Energy Services Ltd (TSX:ESN) » Definitions » Interest Expense

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Address

250 - 2nd Street SW, Suite 1100, Livingston Place West, Calgary, AB, CAN, T2P 0C1

Website

https://www.essentialenergy.ca

Essential Energy Services Ltd provides oilfield services to oil and natural gas producers, primarily in Western Canada. It operates through two segments: The Essential Coil Well Service segment provides completion, production, and workover services with its fleet of coiled tubing rigs, fluid pumpers, nitrogen pumpers, and ancillary equipment. Tryton segment provides downhole tools and rental services in Canada and the U.S. The majority of revenue is from the ECWS segment.

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