Terrace Energy (TSXV:TZR.H) Interest Expense : C$0.00 Mil (TTM As of Oct. 2023)

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What is Terrace Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Terrace Energy's interest expense for the three months ended in Oct. 2023 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 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. Terrace Energy's Operating Income for the three months ended in Oct. 2023 was C$ -0.02 Mil. Terrace Energy's Interest Expense for the three months ended in Oct. 2023 was C$ 0.00 Mil. Terrace Energy has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Terrace Energy Interest Expense Historical Data

The historical data trend for Terrace 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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Terrace Energy Interest Expense Chart

Terrace Energy Annual Data

Trend

Jan14

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Jan23

Interest Expense

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-5.06

-5.28

-6.53

-1.32

Terrace Energy Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Terrace 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Terrace Energy (TSXV:TZR.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.

Terrace Energy's Interest Expense for the three months ended in Oct. 2023 was C$0.00 Mil. Its Operating Income for the three months ended in Oct. 2023 was C$-0.02 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2023 was C$0.00 Mil.

Terrace Energy's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Terrace Energy had no long-term debt ⁽¹⁾.

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

Good Sign:

Terrace Energy Corp has no debt.

Terrace Energy (TSXV:TZR.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Terrace Energy Corp (TSXV:TZR.H) » Definitions » Interest Expense

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TCRRF:USA

Address

1424 Commercial Drive, PO Box 21546, Vancouver, BC, CAN, V5L 5G2

Website

https://www.terraceenergy.net

Terrace Energy Corp is an oil and gas company. It is engaged in acquiring, exploring, and developing unconventional onshore oil and gas properties in the United States. The group holds an interest in the Maverick County Project.

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