Tidewater Renewables (TSX:LCFS) Interest Expense : C$-27.9 Mil (TTM As of Mar. 2024)

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What is Tidewater Renewables Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tidewater Renewables's interest expense for the three months ended in Mar. 2024 was C$ -10.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-27.9 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. Tidewater Renewables's Operating Income for the three months ended in Mar. 2024 was C$ 20.4 Mil. Tidewater Renewables's Interest Expense for the three months ended in Mar. 2024 was C$ -10.8 Mil. Tidewater Renewables's Interest Coverage for the quarter that ended in Mar. 2024 was 1.88. 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.

Tidewater Renewables Interest Expense Historical Data

The historical data trend for Tidewater Renewables'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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Tidewater Renewables Interest Expense Chart

Tidewater Renewables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.08

-1.92

-7.17

-21.83

Tidewater Renewables Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial												-4.73	-5.56	-6.03	-5.51	-10.82

Tidewater Renewables 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$-27.9 Mil.

Tidewater Renewables (TSX:LCFS) 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.

Tidewater Renewables's Interest Expense for the three months ended in Mar. 2024 was C$-10.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$20.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$144.0 Mil.

Tidewater Renewables'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	*	20.367	/	-10.817
	=	1.88

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

Tidewater Renewables (TSX:LCFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tidewater Renewables Ltd (TSX:LCFS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TDWRF:USA 7GZ:Germany

Address

222 - 3rd Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0B4

Website

https://www.tidewatermidstream.com

Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low-carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The corporation generates revenue from the sale of renewable products. The renewable energy operating segment includes the following revenue categories: renewable fuels and renewable natural gas.

Executives

Bryan Philip Morin

Senior Officer

Tidewater Renewables (TSX:LCFS) Headlines

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