High Peak Royalties (ASX:HPR) Interest Expense : A$-0.16 Mil (TTM As of Dec. 2023)

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What is High Peak Royalties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. High Peak Royalties's interest expense for the six months ended in Dec. 2023 was A$ -0.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.16 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. High Peak Royalties's Operating Income for the six months ended in Dec. 2023 was A$ 0.01 Mil. High Peak Royalties's Interest Expense for the six months ended in Dec. 2023 was A$ -0.09 Mil. High Peak Royalties's Interest Coverage for the quarter that ended in Dec. 2023 was 0.11. 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.

High Peak Royalties Interest Expense Historical Data

The historical data trend for High Peak Royalties'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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High Peak Royalties Interest Expense Chart

High Peak Royalties Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.24

-0.21

-0.16

-0.11

-0.14

High Peak Royalties Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.06	-0.05	-0.07	-0.07	-0.09

High Peak Royalties 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 semi-annually data reported by the company within the most recent 12 months, which was A$-0.16 Mil.

High Peak Royalties (ASX:HPR) 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.

High Peak Royalties's Interest Expense for the six months ended in Dec. 2023 was A$-0.09 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$0.01 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

High Peak Royalties'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	*	0.01	/	-0.09
	=	0.11

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. High Peak Royalties Ltd interest coverage is 4.03, which is low.

High Peak Royalties (ASX:HPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Peak Royalties Ltd (ASX:HPR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/- Traverse Accountants Pty Ltd, 24-26 Kent Street, Millers Point, Sydney, NSW, AUS, 2000

Website

https://www.highpeak.com.au

High Peak Royalties Ltd is engaged in the acquisition of royalty and exploration interests in oil and gas assets predominately in Australia and the United States. Geographically, it operates in USA and Australia and generates a majority of its revenue from the United States. The Company has royalties over 20 oil and gas permits in Australia over 2,000 wells in the USA and is the operator of four geothermal permit interests.