Alvopetro Energy (FRA:A6Y0) Interest Expense : €-1.28 Mil (TTM As of Sep. 2024)

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What is Alvopetro Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alvopetro Energy's interest expense for the three months ended in Sep. 2024 was € -0.30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-1.28 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. Alvopetro Energy's Operating Income for the three months ended in Sep. 2024 was € 6.85 Mil. Alvopetro Energy's Interest Expense for the three months ended in Sep. 2024 was € -0.30 Mil. Alvopetro Energy's Interest Coverage for the quarter that ended in Sep. 2024 was 22.61. 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.

Alvopetro Energy Interest Expense Historical Data

The historical data trend for Alvopetro 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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Alvopetro Energy Interest Expense Chart

Alvopetro Energy Annual Data

Trend

Dec14

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Dec19

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Dec21

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Dec23

Interest Expense

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-0.06

-1.32

-2.15

-1.73

-1.37

Alvopetro 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															-0.35	-0.33	-0.33	-0.32	-0.30

Alvopetro 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 €-1.28 Mil.

Alvopetro Energy (FRA:A6Y0) 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.

Alvopetro Energy's Interest Expense for the three months ended in Sep. 2024 was €-0.30 Mil. Its Operating Income for the three months ended in Sep. 2024 was €6.85 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €6.35 Mil.

Alvopetro 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	*	6.851	/	-0.303
	=	22.61

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

Alvopetro Energy Business Description

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ALVOF:USA ALV:Canada

Address

215 - 9th Avenue SW, Suite 1920, Calgary, AB, CAN, T2P 1K3

Website

https://www.alvopetro.com

Alvopetro Energy Ltd is a Canada-based resource company engaged in the exploration, acquisition, development, and production of hydrocarbons in Brazil. It generates revenue from Natural gas, oil, and condensate sales, and all of its revenue is derived from Brazil. All natural gas, oil and condensate sales revenue is derived from Brazilian operations. All exploration and evaluation assets and all material property, plant and equipment are located in Brazil.

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