Cathedral Energy Services (Cathedral Energy Services) Interest Expense : $-6.5 Mil (TTM As of Dec. 2023)

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What is Cathedral Energy Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cathedral Energy Services's interest expense for the three months ended in Dec. 2023 was $ -2.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-6.5 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. Cathedral Energy Services's Operating Income for the three months ended in Dec. 2023 was $ 7.6 Mil. Cathedral Energy Services's Interest Expense for the three months ended in Dec. 2023 was $ -2.0 Mil. Cathedral Energy Services's Interest Coverage for the quarter that ended in Dec. 2023 was 3.85. 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.

Cathedral Energy Services Interest Expense Historical Data

The historical data trend for Cathedral Energy Services'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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Cathedral Energy Services Interest Expense Chart

Cathedral Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.22

-0.94

-0.77

-4.47

-6.56

Cathedral Energy Services 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															-2.55	-1.42	-1.27	-1.85	-1.98

Cathedral Energy Services 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 $-6.5 Mil.

Cathedral Energy Services (OTCPK:CETEF) 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.

Cathedral Energy Services's Interest Expense for the three months ended in Dec. 2023 was $-2.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $7.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $69.9 Mil.

Cathedral Energy Services'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	*	7.637	/	-1.983
	=	3.85

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

Cathedral Energy Services (Cathedral Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cathedral Energy Services Ltd (OTCPK:CETEF) » Definitions » Interest Expense

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CET:Canada

Address

6030 - 3rd Street S.E., Calgary, AB, CAN, T2H 1K2

Website

https://www.cathedralenergyservices.com

Cathedral Energy Services Ltd is a Canadian-based company that is involved and engaged in the business of providing directional drilling services to oil and natural gas companies in western Canada and the United States. The Directional Drilling division provides horizontal, directional, and underbalanced drilling services. Geographically the company caters its services to Canada and the United States, of which a majority of the revenue is derived from United States.