Orca Energy Group (TSXV:ORC.B) Interest Expense : C$-10.6 Mil (TTM As of Dec. 2023)

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What is Orca Energy Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Orca Energy Group's interest expense for the three months ended in Dec. 2023 was C$ -2.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-10.6 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. Orca Energy Group's Operating Income for the three months ended in Dec. 2023 was C$ 5.2 Mil. Orca Energy Group's Interest Expense for the three months ended in Dec. 2023 was C$ -2.4 Mil. Orca Energy Group's Interest Coverage for the quarter that ended in Dec. 2023 was 2.16. 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.

Orca Energy Group Interest Expense Historical Data

The historical data trend for Orca Energy Group'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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Orca Energy Group Interest Expense Chart

Orca Energy Group Annual Data

Trend

Dec14

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Dec20

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Dec23

Interest Expense

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-10.90

-10.10

-9.64

-11.73

-10.51

Orca Energy Group 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															-3.30	-2.56	-2.99	-2.59	-2.42

Orca Energy Group 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$-10.6 Mil.

Orca Energy Group (TSXV:ORC.B) 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.

Orca Energy Group's Interest Expense for the three months ended in Dec. 2023 was C$-2.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$5.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$40.8 Mil.

Orca Energy Group'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	*	5.217	/	-2.419
	=	2.16

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

Orca Energy Group (TSXV:ORC.B) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Orca Energy Group Inc (TSXV:ORC.B) » Definitions » Interest Expense

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ORXGF:USA E9NB:Germany ORC.A:Canada

Address

Haile Selassie Road, Oyster Plaza Building, 5th Floor, P.O. Box 80139, Dar es Salaam, TZA

Website

https://www.orcaenergygroup.com

Orca Energy Group Inc produces and sells natural gas to the power and industrial sectors in Tanzania. The company delivers gas to TPDC through a long-term gas sales agreement to the TPDC-operated National Natural Gas Infrastructure on Songo Songo Island where the natural gas is processed before being transported to Dar es Salaam for power and industrial use. In addition to gas supplied to TPDC, Songas, and TANESCO for the generation of power, the company has developed and supplied an industrial gas market in the Dar es Salaam area.

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