Royal Energy Resources (Royal Energy Resources) Interest Expense

: $-7.5 Mil (TTM As of Sep. 2019)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Royal Energy Resources's interest expense for the three months ended in Sep. 2019 was $ -1.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2019 was $-7.5 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. Royal Energy Resources's Operating Income for the three months ended in Sep. 2019 was $ -9.0 Mil. Royal Energy Resources's Interest Expense for the three months ended in Sep. 2019 was $ -1.9 Mil. Royal Energy Resources did not have earnings to cover the interest expense. 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.

Royal Energy Resources Interest Expense Historical Data

The historical data trend for Royal Energy Resources'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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Royal Energy Resources Annual Data

Trend

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Aug15

Dec16

Dec17

Dec18

Interest Expense

-0.02

-0.01

-4.20

-4.06

-8.98

Royal Energy Resources Quarterly Data
	Nov14	Feb15	May15	Aug15	Nov15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Interest Expense																-2.94	-1.96	-1.81	-1.83	-1.94

Royal Energy Resources 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 Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.5 Mil.

Royal Energy Resources (OTCPK:ROYE) 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.

Royal Energy Resources's Interest Expense for the three months ended in Sep. 2019 was $-1.9 Mil. Its Operating Income for the three months ended in Sep. 2019 was $-9.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2019 was $36.7 Mil.

Royal Energy Resources's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Royal Energy Resources did not have earnings to cover the interest expense.

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

Royal Energy Resources (Royal Energy Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Royal Energy Resources Inc (OTCPK:ROYE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Broad Street, Suite 2, Charleston, SC, USA, 29401

Website

https://www.royalenergy.us

Royal Energy Resources Inc is engaged in the acquisition of coal, gas and renewable energy assets.

Executives

William L Tuorto	director, officer: Executive Chairman	56 BROAD STREET SUITE 2 CHARLESTON SC 29412
Ronald Phillips	officer: President	DKR CAPITAL PARTNERS LP 1281 EAST MAIN STREET STAMFORD CT 06902
Brian Hughs	director, officer: Vice President	203 SOUTH 3RD ST. CANANDIAN TX 79014
Ian Ganzer	officer: Chief Operating Officer	304 WAITMAN ST MORGANTOWN WV 26501

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