New Zealand Oil & Gas (ASX:NZO) Interest Expense : A$-1.84 Mil (TTM As of Dec. 2023)

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What is New Zealand Oil & Gas Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. New Zealand Oil & Gas's interest expense for the six months ended in Dec. 2023 was A$ -0.69 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.84 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. New Zealand Oil & Gas's Operating Income for the six months ended in Dec. 2023 was A$ -27.16 Mil. New Zealand Oil & Gas's Interest Expense for the six months ended in Dec. 2023 was A$ -0.69 Mil. New Zealand Oil & Gas 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.

New Zealand Oil & Gas Interest Expense Historical Data

The historical data trend for New Zealand Oil & Gas'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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New Zealand Oil & Gas Interest Expense Chart

New Zealand Oil & Gas Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.22

-0.40

-0.33

-0.09

-1.84

New Zealand Oil & Gas Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.57	0.45	-0.72	-1.14	-0.69

New Zealand Oil & Gas 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$-1.84 Mil.

New Zealand Oil & Gas (ASX:NZO) 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.

New Zealand Oil & Gas's Interest Expense for the six months ended in Dec. 2023 was A$-0.69 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-27.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.11 Mil.

New Zealand Oil & Gas's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

New Zealand Oil & Gas did not have earnings to cover the interest expense.

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

New Zealand Oil & Gas (ASX:NZO) Business Description

Industry

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NZEOF:USA NZO:New Zealand

Address

36 Tennyson Street, Level 1, Wellington, NZL, 6011

Website

https://www.nzog.com

New Zealand Oil & Gas Ltd is an oil and gas exploration and production company with producing assets in New Zealand. It operates through Kupe Oil and Gas Field, Oil and Gas Exploration, and Cue Energy Resources Limited segments. The company generates maximum revenue from Cue Energy Resources Limited. It has a presence in Indonesia and Australia.

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