Serica Energy (FRA:A3P) Interest Expense : €-25.1 Mil (TTM As of Jun. 2024)

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What is Serica Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Serica Energy's interest expense for the six months ended in Jun. 2024 was € -13.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-25.1 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. Serica Energy's Operating Income for the six months ended in Jun. 2024 was € 177.9 Mil. Serica Energy's Interest Expense for the six months ended in Jun. 2024 was € -13.2 Mil. Serica Energy's Interest Coverage for the quarter that ended in Jun. 2024 was 13.48. 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.

Serica Energy Interest Expense Historical Data

The historical data trend for Serica 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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Serica Energy Interest Expense Chart

Serica Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.48

-0.57

-0.63

-1.07

-20.07

Serica Energy Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.36	-0.72	-8.19	-11.93	-13.20

Serica 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-25.1 Mil.

Serica Energy (FRA:A3P) 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.

Serica Energy's Interest Expense for the six months ended in Jun. 2024 was €-13.2 Mil. Its Operating Income for the six months ended in Jun. 2024 was €177.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €203.3 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	177.921	/	-13.2
	=	13.48

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

Serica Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Serica Energy PLC (FRA:A3P) » Definitions » Interest Expense

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SQZZF:USA SQZ.GB:UK SQZ:UK

Address

48 George Street, London, GBR, W1U 7DY

Website

https://www.serica-energy.com

Serica Energy PLC is an independent upstream oil and gas company with operations centered on the UK North Sea with a range of exploration and production assets. The company operates the Bruce, Keith, and Rhum fields in the UK Northern North Sea. It also operates the Columbus Field, Triton FPSO, and the Mansell field as well as holding an interest in the Erskine field in the Central North Sea. It derives maximum revenue from sale of Gas.

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