Paramount Resources (TSX:POU) Interest Expense : C$-7 Mil (TTM As of Dec. 2023)

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What is Paramount Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Paramount Resources's interest expense for the three months ended in Dec. 2023 was C$ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-7 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. Paramount Resources's Operating Income for the three months ended in Dec. 2023 was C$ 69 Mil. Paramount Resources's Interest Expense for the three months ended in Dec. 2023 was C$ -2 Mil. Paramount Resources's Interest Coverage for the quarter that ended in Dec. 2023 was 34.40. 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.

Paramount Resources Interest Expense Historical Data

The historical data trend for Paramount 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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Paramount Resources Interest Expense Chart

Paramount Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-40.18

-53.70

-47.10

-6.40

-6.50

Paramount Resources 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															2.20	-1.50	-1.30	-1.70	-2.00

Paramount 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-7 Mil.

Paramount Resources (TSX:POU) 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.

Paramount Resources's Interest Expense for the three months ended in Dec. 2023 was C$-2 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$69 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$26 Mil.

Paramount Resources'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	*	68.8	/	-2
	=	34.40

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

Paramount Resources (TSX:POU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Paramount Resources Ltd (TSX:POU) » Definitions » Interest Expense

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Traded in Other Exchanges

PRMRF:USA PQ51:Germany

Address

888 - 3rd Street SW, Suite 4700, Calgary, AB, CAN, T2P 5C5

Website

https://www.paramountres.com

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount's products are priced in a multitude of markets that span the United States and Canada. Depending on the product, contracts can have daily, monthly, or long-term agreements. Assets for exploration and production are acquired by way of royalties that are paid to provincial governments and freehold landowners.

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