LNG Energy Group (FRA:E26) Interest Expense : €-7.02 Mil (TTM As of Sep. 2024)

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What is LNG Energy Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LNG Energy Group's interest expense for the three months ended in Sep. 2024 was € -2.21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-7.02 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. LNG Energy Group's Operating Income for the three months ended in Sep. 2024 was € -1.21 Mil. LNG Energy Group's Interest Expense for the three months ended in Sep. 2024 was € -2.21 Mil. LNG Energy Group did not have earnings to cover the interest expense. 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.

LNG Energy Group Interest Expense Historical Data

The historical data trend for LNG Energy Group'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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LNG Energy Group Interest Expense Chart

LNG Energy Group Annual Data

Trend

May22

May23

Interest Expense

-0.01

LNG Energy Group Quarterly Data
	May22	Aug22	Dec22	Mar23	Jul23	Dec23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial			-	-	-2.38	-2.43	-2.21

LNG Energy Group 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 €-7.02 Mil.

LNG Energy Group (FRA:E26) 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.

LNG Energy Group's Interest Expense for the three months ended in Sep. 2024 was €-2.21 Mil. Its Operating Income for the three months ended in Sep. 2024 was €-1.21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €33.51 Mil.

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

LNG Energy Group did not have earnings to cover the interest expense.

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

LNG Energy Group Business Description

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LNGE:Canada

Address

40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Toronto, ON, CAN, M5H 0B4

Website

https://www.lngenergygroup.com

LNG Energy Group Corp is a production, exploration and development company focused on natural gas projects in South America. LNG Energy has entered into a binding agreement with respect to the purchase of 100% of LEC and will own and operate the SSJN-1 Block, the SSJN-3-1 Block, the Perdices Block, the VIM-41 Block, and the VIM-42 Block. The company's business objective is to build a diversified energy company in South America and is currently focused on Colombia.

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