Canacol Energy (FRA:3B6) Interest Expense : €-51.8 Mil (TTM As of Sep. 2024)

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What is Canacol Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canacol Energy's interest expense for the three months ended in Sep. 2024 was € -14.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-51.8 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. Canacol Energy's Operating Income for the three months ended in Sep. 2024 was € 43.6 Mil. Canacol Energy's Interest Expense for the three months ended in Sep. 2024 was € -14.0 Mil. Canacol Energy's Interest Coverage for the quarter that ended in Sep. 2024 was 3.12. 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.

Canacol Energy Interest Expense Historical Data

The historical data trend for Canacol 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.

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Canacol Energy Interest Expense Chart

Canacol Energy Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-27.71

-25.31

-27.87

-32.15

-42.96

Canacol Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-11.25	-11.92	-12.62	-13.26	-13.95

Canacol 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-51.8 Mil.

Canacol Energy (FRA:3B6) 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.

Canacol Energy's Interest Expense for the three months ended in Sep. 2024 was €-14.0 Mil. Its Operating Income for the three months ended in Sep. 2024 was €43.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €650.5 Mil.

Canacol Energy's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	43.599	/	-13.954
	=	3.12

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

Canacol Energy Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canacol Energy Ltd (FRA:3B6) » Definitions » Interest Expense

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CNNEF:USA CNEC:Colombia CNE:Canada

Address

215 - 9 Avenue SW, Suite 2000, Calgary, AB, CAN, T2P 1K3

Website

https://www.canacolenergy.com

Canacol Energy Ltd is a natural gas and oil exploration and production company. The company operates in the Lower and Middle Magdalena Basins of Colombia.

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