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

Tourmaline Oil (Tourmaline Oil) Interest Expense : $-41 Mil (TTM As of Mar. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Tourmaline Oil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tourmaline Oil's interest expense for the three months ended in Mar. 2024 was $ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-41 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. Tourmaline Oil's Operating Income for the three months ended in Mar. 2024 was $ 309 Mil. Tourmaline Oil's Interest Expense for the three months ended in Mar. 2024 was $ -19 Mil. Tourmaline Oil's Interest Coverage for the quarter that ended in Mar. 2024 was 16.17. 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.

Tourmaline Oil Interest Expense Historical Data

The historical data trend for Tourmaline 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.

* Premium members only.

Tourmaline Oil Interest Expense Chart

Tourmaline Oil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -44.91 -32.89 -28.59 -22.04 -28.46

Tourmaline Oil 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.58 -4.80 -5.90 -10.82 -19.12

Tourmaline 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-41 Mil.

* 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.

Tourmaline Oil  (OTCPK:TRMLF) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Tourmaline Oil's Interest Expense for the three months ended in Mar. 2024 was $-19 Mil. Its Operating Income for the three months ended in Mar. 2024 was $309 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $991 Mil.

Tourmaline Oil'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*309.101/-19.117
=16.17

* 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.

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

Tourmaline Oil (Tourmaline Oil) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tourmaline Oil Corp (OTCPK:TRMLF) » Definitions » Interest Expense
Comparable Companies
TSX:ARX TSX:MEG TSX:WCP TSX:CPG TSX:SCR TSX:PSK TSX:BTE TSX:ERF TSX:POU TSX:VET COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
TOU:Mexico 08T:Germany TOU:Canada
Address
250 - 6th Avenue S.W., Suite 2900, Calgary, AB, CAN, T2P 3H7
Website
https://www.tourmalineoil.com
Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. It includes the Alberta Deep Basin, the Northeast British Columbia Montney, and the Peace River Triassic Oil complex.

Tourmaline Oil (Tourmaline Oil) Headlines

From GuruFocus

Leith Wheeler Investment Funds' 3rd-Quarter Review

By Sydnee Gatewood • 11-05-2021

Leith Wheeler Canadian Equity Fund's Top 5 Semi-Annual Trades

By Graham Griffin • 09-07-2021

Exploring the Dividend Landscape of Tourmaline Oil Corp (TRMLF)

By GuruFocus Research • 09-14-2023

Leith Wheeler Investment Funds 4th Quarter Review

By Holly LaFon Holly LaFon • 01-29-2016

Leith Wheeler Investment Funds 3rd-Quarter Quarterly Review

By Sydnee Gatewood Sydnee Gatewood • 10-26-2020

Tourmaline Oil Corp's Dividend Analysis

By GuruFocus Research • 10-23-2023

Tourmaline and Clean Energy Announce $70 Million Joint Development Agreement to Build CNG Stations in Western Canada

By PRNewswire PRNewswire • 04-18-2023

Leith Wheeler Comments on Tourmaline Oil

By Sydnee Gatewood Sydnee Gatewood • 10-26-2020