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PrairieSky Royalty (FRA:7PS) Interest Expense : €-9.3 Mil (TTM As of Sep. 2024)


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What is PrairieSky Royalty Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PrairieSky Royalty's interest expense for the three months ended in Sep. 2024 was € -1.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-9.3 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. PrairieSky Royalty's Operating Income for the three months ended in Sep. 2024 was € 43.1 Mil. PrairieSky Royalty's Interest Expense for the three months ended in Sep. 2024 was € -1.8 Mil. PrairieSky Royalty's Interest Coverage for the quarter that ended in Sep. 2024 was 24.00. 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.

PrairieSky Royalty Interest Expense Historical Data

The historical data trend for PrairieSky Royalty'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.

* Premium members only.

PrairieSky Royalty Interest Expense Chart

PrairieSky Royalty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.09 -0.96 -3.53 -12.93 -11.96

PrairieSky Royalty 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 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 -3.12 -2.67 -2.52 -2.37 -1.80

PrairieSky Royalty 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 €-9.3 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.

PrairieSky Royalty  (FRA:7PS) 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.

PrairieSky Royalty's Interest Expense for the three months ended in Sep. 2024 was €-1.8 Mil. Its Operating Income for the three months ended in Sep. 2024 was €43.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €0.9 Mil.

PrairieSky Royalty'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*43.101/-1.796
=24.00

* 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.

PrairieSky Royalty Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PrairieSky Royalty Ltd (FRA:7PS) » Definitions » Interest Expense
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PREKF:USA PSK:Canada
Address
350 - 7th Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 3N9
Website
https://www.prairiesky.com
PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.

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