Touchstone Exploration (Touchstone Exploration) Interest Expense : $-2.51 Mil (TTM As of Dec. 2023)

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What is Touchstone Exploration Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Touchstone Exploration's interest expense for the three months ended in Dec. 2023 was $ -0.65 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.51 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. Touchstone Exploration's Operating Income for the three months ended in Dec. 2023 was $ 8.86 Mil. Touchstone Exploration's Interest Expense for the three months ended in Dec. 2023 was $ -0.65 Mil. Touchstone Exploration's Interest Coverage for the quarter that ended in Dec. 2023 was 13.67. 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.

Touchstone Exploration Interest Expense Historical Data

The historical data trend for Touchstone Exploration'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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Touchstone Exploration Interest Expense Chart

Touchstone Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.41

-1.40

-0.86

-2.56

-2.51

Touchstone Exploration 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															-0.61	-0.58	-0.62	-0.67	-0.65

Touchstone Exploration 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 $-2.51 Mil.

Touchstone Exploration (OTCPK:PBEGF) 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.

Touchstone Exploration's Interest Expense for the three months ended in Dec. 2023 was $-0.65 Mil. Its Operating Income for the three months ended in Dec. 2023 was $8.86 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $17.87 Mil.

Touchstone Exploration'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	*	8.861	/	-0.648
	=	13.67

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

Touchstone Exploration (Touchstone Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Touchstone Exploration Inc (OTCPK:PBEGF) » Definitions » Interest Expense

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Traded in Other Exchanges

TXP:UK PNW1:Germany TXP:Canada

Address

350 - 7th Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 3N9

Website

https://www.touchstoneexploration.com

Touchstone Exploration Inc is an international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is primarily engaged in the exploration and the acquisition, development, and production of hydrocarbons in onshore reservoirs in Trinidad. The company holds interests in producing and exploration properties in southern Trinidad, which is approximately 90,000 gross acres of exploration and development rights. Its core focus is on developing production on its four onshore lease operatorship properties (Coora Block 1 & 2, WD-4 & WD-8) and its Fyzabad onshore property.