Mesa Royalty Trust (Mesa Royalty Trust) Interest Expense : $0.00 Mil (TTM As of Dec. 2023)

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What is Mesa Royalty Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mesa Royalty Trust's interest expense for the three months ended in Dec. 2023 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $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. Mesa Royalty Trust's Operating Income for the three months ended in Dec. 2023 was $ 0.21 Mil. Mesa Royalty Trust's Interest Expense for the three months ended in Dec. 2023 was $ 0.00 Mil. Mesa Royalty Trust 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.

Mesa Royalty Trust Interest Expense Historical Data

The historical data trend for Mesa Royalty Trust'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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Mesa Royalty Trust Interest Expense Chart

Mesa Royalty Trust Annual Data

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Interest Expense

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Mesa Royalty Trust Quarterly Data
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Mesa Royalty Trust 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 $0.00 Mil.

Mesa Royalty Trust (NYSE:MTR) 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.

Mesa Royalty Trust's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was $0.21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.00 Mil.

Mesa Royalty Trust's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Mesa Royalty Trust had no long-term debt ⁽¹⁾.

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

Good Sign:

Mesa Royalty Trust has no debt.

Mesa Royalty Trust (Mesa Royalty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mesa Royalty Trust (NYSE:MTR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

601 Travis Street, Floor 16, Global Corporate Trust, Houston, TX, USA, 77002

Website

https://mtr.q4web.com

Mesa Royalty Trust holds net overriding royalty interests in various oil and gas properties located in the: Hugoton field of Kansas, San Juan Basin field of New Mexico, and San Juan Basin Field of Colorado.

Executives

J Taylor Crandall	10 percent owner	2775 SAND HILL RD, SUITE 220, MENLO PARK CA 94025
Bruce Robert W Iii	10 percent owner
Algenpar Inc	10 percent owner
Alpine Capital Lp	10 percent owner