Ring Energy (FRA:KWE1) Interest Expense : €-40.3 Mil (TTM As of Dec. 2024)

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What is Ring Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ring Energy's interest expense for the three months ended in Dec. 2024 was € -13.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was €-40.3 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. Ring Energy's Operating Income for the three months ended in Dec. 2024 was € 22.6 Mil. Ring Energy's Interest Expense for the three months ended in Dec. 2024 was € -13.9 Mil. Ring Energy's Interest Coverage for the quarter that ended in Dec. 2024 was 1.63. 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.

Ring Energy Interest Expense Historical Data

The historical data trend for Ring 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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Ring Energy Interest Expense Chart

Ring Energy Annual Data

Trend

Dec15

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Dec17

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Dec20

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Dec23

Dec24

Interest Expense

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-14.48

-12.82

-21.87

-40.28

-41.36

Ring Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-14.98	-9.24	-8.88	-8.34	-13.88

Ring 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-40.3 Mil.

Ring Energy (FRA:KWE1) 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.

Ring Energy's Interest Expense for the three months ended in Dec. 2024 was €-13.9 Mil. Its Operating Income for the three months ended in Dec. 2024 was €22.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was €369.6 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	22.559	/	-13.88
	=	1.63

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

Ring Energy Business Description

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REI:USA

Address

1725 Hughes Landing Boulevard, Suite 900, The Woodlands, TX, USA, 77380

Website

https://www.ringenergy.com

Ring Energy Inc is an independent exploration and production company based in The Woodlands, Texas and is engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. The drilling operations of the company target the oil and liquid rich producing formations in the Northwest Shelf, the Central Basin Platform and the Delaware Basin all of which are part of the Permian Basin in Texas.

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