Logan energy (TSXV:LGN) Interest Expense : C$-0.18 Mil (TTM As of Mar. 2024)

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What is Logan energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Logan energy's interest expense for the three months ended in Mar. 2024 was C$ -0.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.18 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. Logan energy's Operating Income for the three months ended in Mar. 2024 was C$ -0.43 Mil. Logan energy's Interest Expense for the three months ended in Mar. 2024 was C$ -0.09 Mil. Logan energy 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.

Logan energy Interest Expense Historical Data

The historical data trend for Logan 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.

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Logan energy Interest Expense Chart

Logan energy Annual Data

Trend

Dec22

Dec23

Interest Expense

-0.02

-0.09

Logan energy Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial			-	-	-0.03	-0.05	-0.09

Logan 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$-0.18 Mil.

Logan energy (TSXV:LGN) 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.

Logan energy's Interest Expense for the three months ended in Mar. 2024 was C$-0.09 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.43 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.01 Mil.

Logan energy's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Logan energy did not have earnings to cover the interest expense.

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

Logan energy (TSXV:LGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Logan energy corp (TSXV:LGN) » Definitions » Interest Expense

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Traded in Other Exchanges

LOECF:USA R76:Germany

Address

308 - 4 Avenue SW, Suite 1500, Calgary, AB, CAN, T2P 3C4

Website

https://www.loganenergycorp.com

Logan energy corp is a growth-oriented exploration, development and production company. It is founded with strong initial capitalization and three high-quality and opportunity-rich Montney assets located in the Simonette and Pouce Coupe areas of northwest Alberta and the Flatrock area of northeastern British Columbia. The company carries on the exploration,development and production of oil and natural gas.

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