Petroteq Energy (FRA:PQCF) Interest Expense : €-5.86 Mil (TTM As of May. 2022)

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What is Petroteq Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Petroteq Energy's interest expense for the three months ended in May. 2022 was € -2.68 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2022 was €-5.86 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. Petroteq Energy's Operating Income for the three months ended in May. 2022 was € -6.15 Mil. Petroteq Energy's Interest Expense for the three months ended in May. 2022 was € -2.68 Mil. Petroteq Energy 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.

Petroteq Energy Interest Expense Historical Data

The historical data trend for Petroteq 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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Petroteq Energy Interest Expense Chart

Petroteq Energy Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Interest Expense

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-0.94

-0.32

-1.10

-2.26

-4.02

Petroteq Energy Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Interest Expense	Get a 7-Day Free Trial															-1.13	-1.70	-0.55	-0.94	-2.68

Petroteq 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 May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was €-5.86 Mil.

Petroteq Energy (FRA:PQCF) 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.

Petroteq Energy's Interest Expense for the three months ended in May. 2022 was €-2.68 Mil. Its Operating Income for the three months ended in May. 2022 was €-6.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2022 was €0.36 Mil.

Petroteq Energy's Interest Coverage for the quarter that ended in May. 2022 is calculated as

Petroteq Energy did not have earnings to cover the interest expense.

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

Petroteq Energy (FRA:PQCF) Business Description

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Address

15315 W. Magnolia Boulevard, Suite 120, Sherman Oaks, CA, USA, 91403

Website

https://www.petroteq.energy

Petroteq Energy Inc is a fully integrated oil and gas company focused on the development and implementation of new proprietary technology for oil extraction. The company operated in two reportable segments being Oil Extraction and Processing Operations and Mining Operations. It generates revenue from the sale of hydrocarbon.

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