Horizon Petroleum (TSXV:HPL.H) Interest Expense : C$-0.00 Mil (TTM As of Nov. 2023)

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What is Horizon Petroleum Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Horizon Petroleum's interest expense for the three months ended in Nov. 2023 was C$ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was C$-0.00 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. Horizon Petroleum's Operating Income for the three months ended in Nov. 2023 was C$ -0.19 Mil. Horizon Petroleum's Interest Expense for the three months ended in Nov. 2023 was C$ -0.00 Mil. Horizon Petroleum 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.

Horizon Petroleum Interest Expense Historical Data

The historical data trend for Horizon Petroleum'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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Horizon Petroleum Interest Expense Chart

Horizon Petroleum Annual Data

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Interest Expense

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-0.01

Horizon Petroleum Quarterly Data
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Horizon Petroleum 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.00 Mil.

Horizon Petroleum (TSXV:HPL.H) 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.

Horizon Petroleum's Interest Expense for the three months ended in Nov. 2023 was C$-0.00 Mil. Its Operating Income for the three months ended in Nov. 2023 was C$-0.19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was C$0.00 Mil.

Horizon Petroleum's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Horizon Petroleum did not have earnings to cover the interest expense.

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

Horizon Petroleum (TSXV:HPL.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Horizon Petroleum Ltd (TSXV:HPL.H) » Definitions » Interest Expense

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Address

540 - 5th Avenue SW, No. 920, Calgary, AB, CAN, T2P0M2

Website

http://horizon-petroleum.com

Horizon Petroleum Ltd is involved in the exploration, acquisition, and development of oil and gas properties. The current operating project of the company are Cieszyn and Bielsko-Biala properties in Poland.

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