Ranger Oil (Ranger Oil) Interest Expense : $-50.0 Mil (TTM As of Mar. 2023)

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What is Ranger Oil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ranger Oil's interest expense for the three months ended in Mar. 2023 was $ -14.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was $-50.0 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. Ranger Oil's Operating Income for the three months ended in Mar. 2023 was $ 106.6 Mil. Ranger Oil's Interest Expense for the three months ended in Mar. 2023 was $ -14.0 Mil. Ranger Oil's Interest Coverage for the quarter that ended in Mar. 2023 was 7.64. 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.

Ranger Oil Interest Expense Historical Data

The historical data trend for Ranger Oil'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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Ranger Oil Interest Expense Chart

Ranger Oil Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-23.73

-35.81

-31.26

-30.91

-46.07

Ranger Oil Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial															-10.54	-10.33	-12.46	-13.23	-13.95

Ranger Oil 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-50.0 Mil.

Ranger Oil (OTCPK:PVAHQ) 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.

Ranger Oil's Interest Expense for the three months ended in Mar. 2023 was $-14.0 Mil. Its Operating Income for the three months ended in Mar. 2023 was $106.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was $632.9 Mil.

Ranger Oil's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	106.631	/	-13.95
	=	7.64

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

Ranger Oil (Ranger Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ranger Oil Corp (OTCPK:PVAHQ) » Definitions » Interest Expense

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Address

16285 Park Ten Place, Suite 500, Houston, TX, USA, 77084

Website

https://www.rangeroil.com

Ranger Oil Corp is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs, and natural gas, with operations in the Eagle Ford shale in south Texas.