ERINQ (Erin Energy) Interest Expense: $-27.7 Mil (TTM As of Dec. 2017)

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What is Erin Energy Interest Expense?

Erin Energy ERINQ -99.00% Interest Expense is $-27.7 Mil as of Dec. 2017.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Erin Energy's interest expense for the three months ended in Dec. 2017 was $ -6.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2017 was $-27.7 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. Erin Energy's Operating Income for the three months ended in Dec. 2017 was $ -6.3 Mil. Erin Energy's Interest Expense for the three months ended in Dec. 2017 was $ -6.8 Mil. Erin 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.

Erin Energy  (OTCPK:ERINQ) 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.

Erin Energy's Interest Expense for the three months ended in Dec. 2017 was $-6.8 Mil. Its Operating Income for the three months ended in Dec. 2017 was $-6.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2017 was $191.2 Mil.

Erin Energy's Interest Coverage for the quarter that ended in Dec. 2017 is calculated as

Erin 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.

Erin Energy Interest Expense Historical Data

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The historical data trend for Erin 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.

Erin Energy Interest Expense Chart

Erin Energy Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.10 -4.38 -17.99 -21.92 -27.66

Erin Energy Quarterly Data
Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
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 -5.51 -3.97 -10.91 -5.96 -6.82

Erin 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 Dec. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-27.7 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 $-27.7 Mil mean?
Erin Energy (ERINQ) has a Interest Expense of $-27.7 Mil as of Dec. 2017. Interest Expense is the amount a company pays on its long-term debt. View historical data on Erin Energy and its competitors.
Is Erin Energy's Interest Expense too high?
Erin Energy's current Interest Expense is $-27.7 Mil.
How does Erin Energy's Interest Expense compare to FPPP and UNGS?
Erin Energy's Interest Expense of $-27.7 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 Erin Energy and its competitors. Erin Energy's current Interest Expense is $-27.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Erin Energy stock overvalued right now?
Erin Energy (ERINQ) has a current Interest Expense of $-27.7 Mil. The current Interest Expense is $-27.7 Mil. 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 Erin Energy (ERINQ), the current Interest Expense is $-27.7 Mil as of Dec. 2017. 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.

Erin Energy Business Description

Industry EnergyOil & Gas
Address 1330 Post Oak Boulevard, Suite 2250, Houston, TX, USA, 77056
Erin Energy Corp is an independent oil and gas exploration and production company with a focus on finding and producing oil in sub-Saharan Africa.