HBRIY (Harbour Energy) Interest Expense : $-265 Mil (TTM As of Jun. 2024)

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What is Harbour Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Harbour Energy's interest expense for the six months ended in Jun. 2024 was $ -131 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-265 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. Harbour Energy's Operating Income for the six months ended in Jun. 2024 was $ 612 Mil. Harbour Energy's Interest Expense for the six months ended in Jun. 2024 was $ -131 Mil. Harbour Energy's Interest Coverage for the quarter that ended in Jun. 2024 was 4.67. 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.

Harbour Energy Interest Expense Historical Data

The historical data trend for Harbour 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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Harbour Energy Interest Expense Chart

Harbour Energy Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-301.70

-229.00

-199.00

-259.00

Harbour Energy Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial				-97.80	-101.20	-125.00	-134.00	-131.00

Harbour 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-265 Mil.

Harbour Energy (OTCPK:HBRIY) 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.

Harbour Energy's Interest Expense for the six months ended in Jun. 2024 was $-131 Mil. Its Operating Income for the six months ended in Jun. 2024 was $612 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $1,062 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	612	/	-131
	=	4.67

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

Harbour Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Harbour Energy PLC (OTCPK:HBRIY) » Definitions » Interest Expense

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Traded in Other Exchanges

PMOIF:USA HBR:UK HBRl:UK PQQ0:Germany

Address

23 Lower Belgrave Street, London, GBR, SW1W ONR

Website

https://www.harbourenergy.com

Harbour Energy PLC is an independent oil and gas company, producing over 200,000 barrels of oil equivalent per day from the North Sea and South East Asia. It has a lower carbon intensity than the average UK oil and gas producer.