LNGNF (LNG Energy Group) Interest Expense: $-7.69 Mil (TTM As of Sep. 2024)

What is LNG Energy Group Interest Expense?

LNG Energy Group LNGNF -99.99% Interest Expense is $-7.69 Mil as of Sep. 2024.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LNG Energy Group's interest expense for the three months ended in Sep. 2024 was $ -2.45 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-7.69 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. LNG Energy Group's Operating Income for the three months ended in Sep. 2024 was $ -1.34 Mil. LNG Energy Group's Interest Expense for the three months ended in Sep. 2024 was $ -2.45 Mil. LNG Energy Group 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.

LNG Energy Group (OTCPK:LNGNF) 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.

LNG Energy Group's Interest Expense for the three months ended in Sep. 2024 was $-2.45 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-1.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $37.19 Mil.

LNG Energy Group's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

LNG Energy Group did not have earnings to cover the interest expense.

* 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.

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

LNG Energy Group Interest Expense Historical Data

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The historical data trend for LNG Energy Group's Interest Expense can be seen below:

LNG Energy Group Interest Expense Chart

LNG Energy Group Annual Data

Trend

May22

May23

Interest Expense

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LNG Energy Group Quarterly Data
	May22	Aug22	Dec22	Mar23	Jul23	Dec23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial			0.00	-0.00	-2.60	-2.64	-2.45

LNG Energy Group 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.69 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of $-7.69 Mil mean?

LNG Energy Group (LNGNF) has a Interest Expense of $-7.69 Mil as of Sep. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on LNG Energy Group and its competitors.

Is LNG Energy Group's Interest Expense too high?

LNG Energy Group's current Interest Expense is $-7.69 Mil.

How does LNG Energy Group's Interest Expense compare to ALTX and CRCE?

LNG Energy Group's Interest Expense of $-7.69 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Interest Expense for an Oil & Gas company?

A good Interest Expense depends on the Oil & Gas industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Interest Expense mean?

A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on LNG Energy Group and its competitors. LNG Energy Group's current Interest Expense is $-7.69 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is LNG Energy Group stock overvalued right now?

LNG Energy Group (LNGNF) has a current Interest Expense of $-7.69 Mil. The current Interest Expense is $-7.69 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Interest Expense calculated?

Interest Expense is calculated from a company's financial statements. For LNG Energy Group (LNGNF), the current Interest Expense is $-7.69 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

LNG Energy Group Business Description

Industry Energy Oil & Gas

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Address 40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Toronto, ON, CAN, M5H 0B4

Website https://www.lngenergygroup.com

LNG Energy Group Corp is a production, exploration and development company focused on natural gas projects in South America. LNG Energy has entered into a binding agreement with respect to the purchase of 100% of LEC and will own and operate the SSJN-1 Block, the SSJN-3-1 Block, the Perdices Block, the VIM-41 Block, and the VIM-42 Block. The company's business objective is to build a diversified energy company in South America and is currently focused on Colombia.