IPB Petroleum (ASX:IPB) Interest Expense : A$0.00 Mil (TTM As of Dec. 2024)

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What is IPB Petroleum Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IPB Petroleum's interest expense for the six months ended in Dec. 2024 was A$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was A$0.00 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. IPB Petroleum's Operating Income for the six months ended in Dec. 2024 was A$ -0.16 Mil. IPB Petroleum's Interest Expense for the six months ended in Dec. 2024 was A$ 0.00 Mil. IPB Petroleum has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term 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.

IPB Petroleum Interest Expense Historical Data

The historical data trend for IPB Petroleum'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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IPB Petroleum Interest Expense Chart

IPB Petroleum Annual Data

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Interest Expense

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IPB Petroleum Semi-Annual Data
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IPB Petroleum 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.00 Mil.

IPB Petroleum (ASX:IPB) 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.

IPB Petroleum's Interest Expense for the six months ended in Dec. 2024 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2024 was A$-0.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was A$0.00 Mil.

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

IPB Petroleum had no long-term debt ⁽¹⁾.

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

Good Sign:

IPB Petroleum Ltd has no debt.

IPB Petroleum Business Description

Industry

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Address

1202 Hay Street, West Perth, WA, AUS, 3000

Website

https://www.ipbpet.com.au

IPB Petroleum Ltd is an Australian oil and gas exploration company. The company is focused on the oil-prone southern margin of the Browse Basin Offshore North Western Australia. It holds an interest in three petroleum exploration permits - WA-424-P, WA-471-P, and WA-485-P. The company has only one reportable segment being Oil and Gas Exploration in Australia.