AOIFF (Africa Oil) Interest Expense : $-5.60 Mil (TTM As of Sep. 2024)

View and export this data going back to 1997. Start your Free Trial

What is Africa Oil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Africa Oil's interest expense for the three months ended in Sep. 2024 was $ -1.30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-5.60 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. Africa Oil's Operating Income for the three months ended in Sep. 2024 was $ -308.60 Mil. Africa Oil's Interest Expense for the three months ended in Sep. 2024 was $ -1.30 Mil. Africa Oil did not have earnings to cover the interest expense. 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.

Africa Oil Interest Expense Historical Data

The historical data trend for Africa 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.

Africa Oil Interest Expense Chart

Africa Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-0.10

-29.34

-18.30

-3.50

-7.60

Africa Oil Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-1.60	-1.70	-1.30	-1.30	-1.30

Africa 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.60 Mil.

Africa Oil (OTCPK:AOIFF) 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.

Africa Oil's Interest Expense for the three months ended in Sep. 2024 was $-1.30 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-308.60 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $2.90 Mil.

Africa Oil's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Africa Oil did not have earnings to cover the interest expense.

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

Africa Oil Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

AOI:Sweden AOIs:UK 0QVL:UK AFZ:Germany AFZ:Germany AOI:Canada

Address

666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.africaoilcorp.com

Africa Oil Corp is an international oil and gas exploration company based in Canada with oil and gas interests in Africa. It is an exploration stage enterprise that participates in oil and gas projects located in emerging markets, in sub-Saharan Africa. The company operates in the business segment of international oil and gas exploration, and geographically, it operates in Kenya and Ethiopia.