Beach Energy (ASX:BPT) Interest Expense : A$-51 Mil (TTM As of Dec. 2023)

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What is Beach Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Beach Energy's interest expense for the six months ended in Dec. 2023 was A$ -37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-51 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. Beach Energy's Operating Income for the six months ended in Dec. 2023 was A$ 234 Mil. Beach Energy's Interest Expense for the six months ended in Dec. 2023 was A$ -37 Mil. Beach Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 6.38. 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.

Beach Energy Interest Expense Historical Data

The historical data trend for Beach 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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Beach Energy Interest Expense Chart

Beach Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-62.00

-12.60

-4.40

-12.10

-30.20

Beach Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-6.80	-5.30	-15.90	-14.30	-36.70

Beach 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-51 Mil.

Beach Energy (ASX:BPT) 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.

Beach Energy's Interest Expense for the six months ended in Dec. 2023 was A$-37 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$234 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$462 Mil.

Beach Energy'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	*	234.3	/	-36.7
	=	6.38

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

Beach Energy (ASX:BPT) Business Description

Industry

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BEPTF:USA BPS:Germany

Address

80 Flinders Street, Level 8, Adelaide, SA, AUS, 5000

Website

https://www.beachenergy.com.au

Beach produces oil, gas, and gas liquids from numerous joint ventures in the onshore Cooper and Eromanga basins. Beach merged with Cooper Basin joint-venture partner Drillsearch Energy Limited in March 2016, which increased equity production to about 10 million barrels of oil equivalent. This more than doubled to over 20 million barrels of oil equivalent following the successful purchase of Lattice from Origin Energy in 2018. The average field life is 10 years based on forecast production and 255 mmboe of proven and probable reserves. We credit life of around 15 years, assuming substantial conversion of 2C contingent resources into reserve category with drilling. Shale gas resources are blue-sky.