Goodrich Petroleum (Goodrich Petroleum) Interest Expense : $-7.89 Mil (TTM As of Sep. 2021)

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What is Goodrich Petroleum Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Goodrich Petroleum's interest expense for the three months ended in Sep. 2021 was $ -2.23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2021 was $-7.89 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. Goodrich Petroleum's Operating Income for the three months ended in Sep. 2021 was $ 31.63 Mil. Goodrich Petroleum's Interest Expense for the three months ended in Sep. 2021 was $ -2.23 Mil. Goodrich Petroleum's Interest Coverage for the quarter that ended in Sep. 2021 was 14.17. 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.

Goodrich Petroleum Interest Expense Historical Data

The historical data trend for Goodrich Petroleum'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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Goodrich Petroleum Interest Expense Chart

Goodrich Petroleum Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-13.01

-9.73

-11.94

-11.00

-7.05

Goodrich Petroleum Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Expense	Get a 7-Day Free Trial															-1.73	-1.64	-1.92	-2.11	-2.23

Goodrich Petroleum 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.89 Mil.

Goodrich Petroleum (GREY:GDPAQ.PFD) 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.

Goodrich Petroleum's Interest Expense for the three months ended in Sep. 2021 was $-2.23 Mil. Its Operating Income for the three months ended in Sep. 2021 was $31.63 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2021 was $124.26 Mil.

Goodrich Petroleum's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2021 )	/	Interest Expense (Q: Sep. 2021 )
	=	-1	*	31.632	/	-2.232
	=	14.17

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

Goodrich Petroleum (Goodrich Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Goodrich Petroleum Corp (GREY:GDPAQ.PFD) » Definitions » Interest Expense

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Address

801 Louisiana Street, Suite 700, Houston, TX, USA, 77002

Website

http://www.goodrichpetroleum.com

Goodrich Petroleum Corp is an independent oil and gas producer in the United States. The company operates in the Tuscaloosa Marine Shale region, with minor operations in the Eagle Ford and Haynesville shales. The vast majority of exploitation and development efforts on natural gas are carried out in the core of the Haynesville Shale in North Louisiana.