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High Arctic Energy Services (TSX:HWO) Interest Expense : C$-0.39 Mil (TTM As of Mar. 2024)


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What is High Arctic Energy Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. High Arctic Energy Services's interest expense for the three months ended in Mar. 2024 was C$ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.39 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. High Arctic Energy Services's Operating Income for the three months ended in Mar. 2024 was C$ 2.76 Mil. High Arctic Energy Services's Interest Expense for the three months ended in Mar. 2024 was C$ -0.08 Mil. High Arctic Energy Services's Interest Coverage for the quarter that ended in Mar. 2024 was 33.20. 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.

High Arctic Energy Services Interest Expense Historical Data

The historical data trend for High Arctic 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.

* Premium members only.

High Arctic Energy Services Interest Expense Chart

High Arctic Energy Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.70 -0.99 -0.67 -1.40 -0.37

High Arctic Energy Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.06 -0.16 -0.09 -0.05 -0.08

High Arctic 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.39 Mil.

* 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.

High Arctic Energy Services  (TSX:HWO) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

High Arctic Energy Services's Interest Expense for the three months ended in Mar. 2024 was C$-0.08 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$2.76 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$5.01 Mil.

High Arctic Energy Services's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*2.756/-0.083
=33.20

* 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.

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

High Arctic Energy Services (TSX:HWO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Arctic Energy Services Inc (TSX:HWO) » Definitions » Interest Expense
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Traded in Other Exchanges
HGHAF:USA 6LQ:Germany
Address
330 - 5th Ave SW., Suite 2350, Calgary, AB, CAN, T2P 0L4
Website
https://www.haes.ca
High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are the Drilling Services segment which consists of drilling services; the Production Services segment which consists of well servicing and snubbing services; the Ancillary Services segment which provides rental equipment, nitrogen transport services, and engineering consulting to various companies within the oil and gas sector and Corporate segment. The Production Services segment generates the company's revenue.
Executives
Douglas John Strong Director

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