NewMed Energy LP (XTAE:NWMD) Interest Expense : ₪-456 Mil (TTM As of Dec. 2023)

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What is NewMed Energy LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NewMed Energy LP's interest expense for the three months ended in Dec. 2023 was ₪ -90 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₪-456 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. NewMed Energy LP's Operating Income for the three months ended in Dec. 2023 was ₪ 631 Mil. NewMed Energy LP's Interest Expense for the three months ended in Dec. 2023 was ₪ -90 Mil. NewMed Energy LP's Interest Coverage for the quarter that ended in Dec. 2023 was 7.01. 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.

NewMed Energy LP Interest Expense Historical Data

The historical data trend for NewMed Energy LP'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.

NewMed Energy LP Interest Expense Chart

NewMed Energy LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-147.16

-814.21

-762.79

-513.79

-455.76

NewMed Energy LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-100.26	-136.62	-117.16	-112.01	-89.98

NewMed Energy LP 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₪-456 Mil.

NewMed Energy LP (XTAE:NWMD) 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.

NewMed Energy LP's Interest Expense for the three months ended in Dec. 2023 was ₪-90 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₪631 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₪6,381 Mil.

NewMed Energy LP's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	630.578	/	-89.978
	=	7.01

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

NewMed Energy LP (XTAE:NWMD) Business Description

Industry

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DKDRF:USA

Address

19 Abba Even Boulevard, Hertzliya Pituach, Hertzliya, ISR, 4672537

Website

https://www.newmedenergy.com

NewMed Energy LP is engaged in the exploration, development, and production of oil, condensate, and natural gas. It mainly markets fuel products across Israel and holds interests in several significant gas findings in the Mediterranean Sea region, which include, the Tamar finding, Leviathan finding, and Aphrodite finding in Cyprus.

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