Tamarack Valley Energy (Tamarack Valley Energy) Interest Expense : $-71 Mil (TTM As of Dec. 2023)

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What is Tamarack Valley Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tamarack Valley Energy's interest expense for the three months ended in Dec. 2023 was $ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-71 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. Tamarack Valley Energy's Operating Income for the three months ended in Dec. 2023 was $ 63 Mil. Tamarack Valley Energy's Interest Expense for the three months ended in Dec. 2023 was $ -13 Mil. Tamarack Valley Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 4.88. 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.

Tamarack Valley Energy Interest Expense Historical Data

The historical data trend for Tamarack Valley Energy'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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Tamarack Valley Energy Interest Expense Chart

Tamarack Valley Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7.17

-7.90

-16.78

-32.84

-71.47

Tamarack Valley Energy 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															-14.13	-19.08	-19.26	-19.96	-12.82

Tamarack Valley Energy 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 $-71 Mil.

Tamarack Valley Energy (OTCPK:TNEYF) 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.

Tamarack Valley Energy's Interest Expense for the three months ended in Dec. 2023 was $-13 Mil. Its Operating Income for the three months ended in Dec. 2023 was $63 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $597 Mil.

Tamarack Valley Energy'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	*	62.501	/	-12.816
	=	4.88

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

Tamarack Valley Energy (Tamarack Valley Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tamarack Valley Energy Ltd (OTCPK:TNEYF) » Definitions » Interest Expense

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9TA1:Germany TVE:Canada

Address

308 4th Avenue SW, Suite 3300, Calgary, AB, CAN, T2P 0H7

Website

https://www.tamarackvalley.ca

Tamarack Valley Energy Ltd is engaged in the exploration, development, and production of oil and natural gas. Its target is drilling and acquisition of repeatable and predictable long-life resource plays in the Western Canadian Sedimentary Basin. Its oil & gas properties include Cardium Oil, Viking Oil, and Penny Barons Oil.

Tamarack Valley Energy (Tamarack Valley Energy) Headlines

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