PrairieSky Royalty (PrairieSky Royalty) Interest Expense : $-12.4 Mil (TTM As of Mar. 2024)

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What is PrairieSky Royalty Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PrairieSky Royalty's interest expense for the three months ended in Mar. 2024 was $ -2.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-12.4 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. PrairieSky Royalty's Operating Income for the three months ended in Mar. 2024 was $ 48.8 Mil. PrairieSky Royalty's Interest Expense for the three months ended in Mar. 2024 was $ -2.7 Mil. PrairieSky Royalty's Interest Coverage for the quarter that ended in Mar. 2024 was 17.84. 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.

PrairieSky Royalty Interest Expense Historical Data

The historical data trend for PrairieSky Royalty'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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PrairieSky Royalty Interest Expense Chart

PrairieSky Royalty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.22

-1.17

-3.98

-13.69

-13.04

PrairieSky Royalty Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-3.29	-3.46	-3.33	-2.91	-2.73

PrairieSky Royalty 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-12.4 Mil.

PrairieSky Royalty (OTCPK:PREKF) 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.

PrairieSky Royalty's Interest Expense for the three months ended in Mar. 2024 was $-2.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was $48.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1.0 Mil.

PrairieSky Royalty's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	48.759	/	-2.733
	=	17.84

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

PrairieSky Royalty (PrairieSky Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PrairieSky Royalty Ltd (OTCPK:PREKF) » Definitions » Interest Expense

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Traded in Other Exchanges

7PS:Germany PSK:Canada

Address

350 - 7th Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 3N9

Website

https://www.prairiesky.com

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.

PrairieSky Royalty (PrairieSky Royalty) Headlines

From GuruFocus

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PrairieSky Royalty Announces Conference Call For 2020 Annual Results

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PrairieSky Royalty Declares Quarterly Dividend and Provides Update on Normal Course Issuer Bid

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PrairieSky Royalty Announces Conference Call for Q2 2020 Results

By GlobeNewswire GlobeNewswire • 07-07-2020