1st NRG (1st NRG) Interest Expense : $-0.01 Mil (TTM As of Sep. 2009)

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What is 1st NRG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. 1st NRG's interest expense for the three months ended in Sep. 2009 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2009 was $-0.01 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. 1st NRG's Operating Income for the three months ended in Sep. 2009 was $ -0.13 Mil. 1st NRG's Interest Expense for the three months ended in Sep. 2009 was $ -0.01 Mil. 1st NRG 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.

1st NRG Interest Expense Historical Data

The historical data trend for 1st NRG'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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1st NRG Interest Expense Chart

1st NRG Annual Data

Trend

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Interest Expense

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-0.01

1st NRG Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-0.01

1st NRG 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 Sep. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.01 Mil.

1st NRG (OTCPK:FNRC) 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.

1st NRG's Interest Expense for the three months ended in Sep. 2009 was $-0.01 Mil. Its Operating Income for the three months ended in Sep. 2009 was $-0.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2009 was $0.03 Mil.

1st NRG's Interest Coverage for the quarter that ended in Sep. 2009 is calculated as

1st NRG did not have earnings to cover the interest expense.

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

1st NRG (1st NRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 1st NRG Corp (OTCPK:FNRC) » Definitions » Interest Expense

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Address

1531 Stout Street, Suite 607, Denver, CO, USA, 80202

Website

http://1stnrg-corp.com

1st NRG Corp is an exploration and production company. The company is primarily engaged in the development of natural gas producing properties in the Powder River Basin of Wyoming. The company operates in one industry segment, the exploration, development, production, and sale of oil and natural gas. Its project portfolio comprises Clabaugh ranch, eastern Ohio - Beekmantown dolomite, and coalbed methane.

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