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Tamarack Valley Energy (TSX:TVE) Interest Expense : C$-70 Mil (TTM As of Mar. 2024)


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What is Tamarack Valley Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tamarack Valley Energy's interest expense for the three months ended in Mar. 2024 was C$ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-70 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. Tamarack Valley Energy's Operating Income for the three months ended in Mar. 2024 was C$ 71 Mil. Tamarack Valley Energy's Interest Expense for the three months ended in Mar. 2024 was C$ -0 Mil. Tamarack Valley Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 457.94. 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.

Tamarack Valley Energy Interest Expense Historical Data

The historical data trend for Tamarack Valley 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.

* Premium members only.

Tamarack Valley Energy Interest Expense Chart

Tamarack Valley Energy 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 -9.45 -10.12 -21.48 -44.61 -95.88

Tamarack Valley Energy 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 -2.13 -25.59 -27.00 -17.19 -0.16

Tamarack Valley 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-70 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.

Tamarack Valley Energy  (TSX:TVE) 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.

Tamarack Valley Energy's Interest Expense for the three months ended in Mar. 2024 was C$-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$71 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$954 Mil.

Tamarack Valley Energy'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*71.439/-0.156
=457.94

* 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.

Tamarack Valley Energy (TSX:TVE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tamarack Valley Energy Ltd (TSX:TVE) » Definitions » Interest Expense
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TNEYF:USA 9TA1:Germany
Address
308 4th Avenue SW, Suite 3300, Calgary, AB, CAN, T2P 0H7
Website
https://www.tamarackvalley.ca
Tamarack Valley Energy Ltd is engaged in the exploration, development, and production of oil and natural gas. Its target is drilling and acquisition of repeatable and predictable long-life resource plays in the Western Canadian Sedimentary Basin. Its oil & gas properties include Cardium Oil, Viking Oil, and Penny Barons Oil.
Executives
Christine Ezinga Senior Officer

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