ARSLF (Altima Energy) Interest Expense: $-0.11 Mil (TTM As of Nov. 2024)


ARSLF Altima Energy Inc ARSLF
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What is Altima Energy Interest Expense?

Altima Energy ARSLF -99.90% 13 Interest Expense is $-0.11 Mil as of Nov. 2024. GuruFocus rates ARSLF with a GF Score™ of 13/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Altima Energy's interest expense for the three months ended in Nov. 2024 was $ -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2024 was $-0.11 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. Altima Energy's Operating Income for the three months ended in Nov. 2024 was $ -0.63 Mil. Altima Energy's Interest Expense for the three months ended in Nov. 2024 was $ -0.07 Mil. Altima Energy 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.

Altima Energy  (OTCPK:ARSLF) Interest Expense Explanation

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. The higher, the better.

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

Altima Energy's Interest Expense for the three months ended in Nov. 2024 was $-0.07 Mil. Its Operating Income for the three months ended in Nov. 2024 was $-0.63 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2024 was $0.58 Mil.

Altima Energy's Interest Coverage for the quarter that ended in Nov. 2024 is calculated as

Altima Energy did not have earnings to cover the interest expense.

* 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.

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

Altima Energy Interest Expense Historical Data

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The historical data trend for Altima Energy'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.

Altima Energy Interest Expense Chart

Altima Energy Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Feb22 Feb23 Feb24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.10 -0.09 0.00 -0.17 -0.06

Altima Energy Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.01 -0.03 -0.00 -0.00 -0.07
ARSLF
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Altima Energy Inc ARSLF
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Altima Energy 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 Nov. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.11 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-0.11 Mil mean?
Altima Energy (ARSLF) has a Interest Expense of $-0.11 Mil as of Nov. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Altima Energy and its competitors.
Is Altima Energy's Interest Expense too high?
Altima Energy's current Interest Expense is $-0.11 Mil. Overall, Altima Energy has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Altima Energy's Interest Expense compare to COP and EOG?
Altima Energy's Interest Expense of $-0.11 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for an Oil & Gas company?
A good Interest Expense depends on the Oil & Gas industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Altima Energy and its competitors. Altima Energy's current Interest Expense is $-0.11 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altima Energy stock overvalued right now?
Altima Energy (ARSLF) has a current Interest Expense of $-0.11 Mil. The current Interest Expense is $-0.11 Mil. Altima Energy's overall GF Score™ is 13/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Altima Energy (ARSLF), the current Interest Expense is $-0.11 Mil as of Nov. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Altima Energy Business Description

Industry EnergyOil & Gas
Address 595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5
Altima Energy Inc is a junior energy company engaged in the exploring and developing oil and natural gas assets in Western Canada. It is exploration in regions such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta.
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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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