Afentra (LSE:AET) Interest Coverage : 8.89 (As of Dec. 2024)

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What is Afentra Interest Coverage?

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 by its Interest Expense. Afentra's Operating Income for the six months ended in Dec. 2024 was £29.9 Mil. Afentra's Interest Expense for the six months ended in Dec. 2024 was £-3.4 Mil. Afentra's interest coverage for the quarter that ended in Dec. 2024 was 8.89. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Afentra's Interest Coverage or its related term are showing as below:

LSE:AET' s Interest Coverage Range Over the Past 10 Years
Min: 1.3 Med: 5.14 Max: 8.98
Current: 8.98

LSE:AET's Interest Coverage is ranked better than
61.53% of 720 companies
in the Oil & Gas industry
Industry Median: 5.775 vs LSE:AET: 8.98

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

Afentra Interest Coverage Historical Data

The historical data trend for Afentra's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Afentra Interest Coverage Chart

Afentra Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

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1.30

8.98

Afentra Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Coverage	Get a 7-Day Free Trial															-	-	4.23	9.09	8.89

Competitive Comparison of Afentra's Interest Coverage

For the Oil & Gas E&P subindustry, Afentra's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Afentra's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Afentra's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Afentra's Interest Coverage falls into.

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Afentra Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

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

Afentra's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Afentra's Interest Expense was £-6.3 Mil. Its Operating Income was £56.9 Mil. And its Long-Term Debt & Capital Lease Obligation was £24.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	56.902	/	-6.334
	=	8.98

Afentra's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the six months ended in Dec. 2024, Afentra's Interest Expense was £-3.4 Mil. Its Operating Income was £29.9 Mil. And its Long-Term Debt & Capital Lease Obligation was £24.4 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	29.907	/	-3.363
	=	8.89

The higher the ratio, the stronger the company's Financial Strength is.

Afentra (LSE:AET) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Afentra Interest Coverage Related Terms

Thank you for viewing the detailed overview of Afentra's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Afentra Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Afentra PLC (LSE:AET) » Definitions » Interest Coverage

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STGAF:USA SEY.GB:UK TB8A:Germany

Address

High Holborn House, 52-54 High Holborn, London, GBR, WC1V 6RL

Website

https://www.afentraplc.com

Afentra PLC is an upstream oil and gas company in the United Kingdom with a focus on exploring opportunities across Africa. Its purpose is to support the energy transition in Africa by establishing itself as a credible partner for divesting IOCs and Host Governments. It holds a non-operated interest in several key blocks. The group has a non-operated interest in producing Block 3/05, as well as in the adjacent development Block 3/05A in the Lower Congo Basin, Angola. Additionally, it holds a non-operating interest in the exploration of Block 23 in the Kwanza Basin. Onshore Angola, Afentra has a non-operated interest in Block KON 19, located in the western part of the Onshore Kwanza Basin. It also has a carried interest in the Odewayne Block, located onshore in southwestern Somaliland.