Athabasca Oil (TSX:ATH) Interest Expense : C$-33 Mil (TTM As of Dec. 2023)

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What is Athabasca Oil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Athabasca Oil's interest expense for the three months ended in Dec. 2023 was C$ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-33 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. Athabasca Oil's Operating Income for the three months ended in Dec. 2023 was C$ 99 Mil. Athabasca Oil's Interest Expense for the three months ended in Dec. 2023 was C$ -8 Mil. Athabasca Oil's Interest Coverage for the quarter that ended in Dec. 2023 was 13.14. 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.

Athabasca Oil Interest Expense Historical Data

The historical data trend for Athabasca 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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Athabasca Oil Interest Expense Chart

Athabasca Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-62.84

-73.89

-77.17

-78.99

-30.39

Athabasca Oil 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															-16.89	-7.69	-8.20	-9.93	-7.52

Athabasca 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-33 Mil.

Athabasca Oil (TSX:ATH) 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.

Athabasca Oil's Interest Expense for the three months ended in Dec. 2023 was C$-8 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$99 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$180 Mil.

Athabasca Oil'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	*	98.87	/	-7.524
	=	13.14

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

Athabasca Oil (TSX:ATH) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Athabasca Oil Corp (TSX:ATH) » Definitions » Interest Expense

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ATHOF:USA ATI:Germany

Address

215 - 9th Avenue SW, Suite 1200, Calgary, AB, CAN, T2P 1K3

Website

https://www.atha.com

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.