Range Resources (FRA:RAX) Interest Expense : €-113 Mil (TTM As of Mar. 2024)

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What is Range Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Range Resources's interest expense for the three months ended in Mar. 2024 was € -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-113 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. Range Resources's Operating Income for the three months ended in Mar. 2024 was € 104 Mil. Range Resources's Interest Expense for the three months ended in Mar. 2024 was € -28 Mil. Range Resources's Interest Coverage for the quarter that ended in Mar. 2024 was 3.71. 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.

Range Resources Interest Expense Historical Data

The historical data trend for Range Resources'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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Range Resources Interest Expense Chart

Range Resources Annual Data

Trend

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Interest Expense

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-174.86

-158.37

-201.19

-155.90

-113.71

Range Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-30.08	-28.72	-28.67	-27.59	-28.04

Range Resources 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-113 Mil.

Range Resources (FRA:RAX) 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.

Range Resources's Interest Expense for the three months ended in Mar. 2024 was €-28 Mil. Its Operating Income for the three months ended in Mar. 2024 was €104 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,680 Mil.

Range Resources's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	104.107	/	-28.038
	=	3.71

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

Range Resources (FRA:RAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Range Resources Corp (FRA:RAX) » Definitions » Interest Expense

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Traded in Other Exchanges

RRC:USA RAX:Germany

Address

100 Throckmorton Street, Suite 1200, Fort Worth, TX, USA, 76102

Website

https://www.rangeresources.com

Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2022, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.