Kelt Exploration (FRA:2KE) Interest Expense : €-0.9 Mil (TTM As of Mar. 2024)

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What is Kelt Exploration Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kelt Exploration's interest expense for the three months ended in Mar. 2024 was € -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.9 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. Kelt Exploration's Operating Income for the three months ended in Mar. 2024 was € 16.8 Mil. Kelt Exploration's Interest Expense for the three months ended in Mar. 2024 was € -0.3 Mil. Kelt Exploration's Interest Coverage for the quarter that ended in Mar. 2024 was 63.54. 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.

Kelt Exploration Interest Expense Historical Data

The historical data trend for Kelt Exploration'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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Kelt Exploration Interest Expense Chart

Kelt Exploration Annual Data

Trend

Dec14

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Dec19

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Dec23

Interest Expense

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-12.98

-10.36

-0.30

-1.02

-0.90

Kelt Exploration Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.24	-0.20	-0.23	-0.24	-0.27

Kelt Exploration 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.9 Mil.

Kelt Exploration (FRA:2KE) 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.

Kelt Exploration's Interest Expense for the three months ended in Mar. 2024 was €-0.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was €16.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €0.2 Mil.

Kelt Exploration's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	16.838	/	-0.265
	=	63.54

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

Kelt Exploration (FRA:2KE) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kelt Exploration Ltd (FRA:2KE) » Definitions » Interest Expense

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KELTF:USA KEL:Canada

Address

311 – 6th Avenue S.W, Suite 300, Calgary, AB, CAN, T2P 3H2

Website

https://www.keltexploration.com

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in northwestern Alberta and northeastern British Columbia. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets. Product offerings for the energy firm consist of crude oil, natural gas liquids, and natural gas, with a majority of revenue delivered by Gas production.

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