Tuscany International Drilling, (FRA:TS1) Interest Expense : €-17.0 Mil (TTM As of Mar. 2014)

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What is Tuscany International Drilling, Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tuscany International Drilling,'s interest expense for the three months ended in Mar. 2014 was € -4.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2014 was €-17.0 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. Tuscany International Drilling,'s Operating Income for the three months ended in Mar. 2014 was € 0.7 Mil. Tuscany International Drilling,'s Interest Expense for the three months ended in Mar. 2014 was € -4.1 Mil. Tuscany International Drilling,'s Interest Coverage for the quarter that ended in Mar. 2014 was 0.17. 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.

Tuscany International Drilling, Interest Expense Historical Data

The historical data trend for Tuscany International Drilling,'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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Tuscany International Drilling, Interest Expense Chart

Tuscany International Drilling, Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Interest Expense

-0.16

-3.78

-14.66

-16.96

-16.00

Tuscany International Drilling, Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
Interest Expense	Get a 7-Day Free Trial															-3.43	-3.85	-4.55	-4.49	-4.12

Tuscany International Drilling, 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. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €-17.0 Mil.

Tuscany International Drilling, (FRA:TS1) 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.

Tuscany International Drilling,'s Interest Expense for the three months ended in Mar. 2014 was €-4.1 Mil. Its Operating Income for the three months ended in Mar. 2014 was €0.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2014 was €0.0 Mil.

Tuscany International Drilling,'s Interest Coverage for the quarter that ended in Mar. 2014 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2014 )	/	Interest Expense (Q: Mar. 2014 )
	=	-1	*	0.706	/	-4.123
	=	0.17

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

Tuscany International Drilling, (FRA:TS1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tuscany International Drilling, Inc. (FRA:TS1) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.tuscanydrilling.com

Tuscany International Drilling Inc was incorporated on April 6, 2004, pursuant to the provisions of the Business Corporations Act Alberta. The company is a Canadian-based oilfield services company; offering drilling, completion and workover services to the oil and natural gas industry, in South America. It is comprised of 26 owned drilling and workover rigs. It competes directly with various international and local companies in each region in which it operate.

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