Heritage Oil (LSE:0PZU) Interest Expense : £-26.2 Mil (TTM As of Dec. 2013)

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What is Heritage Oil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Heritage Oil's interest expense for the six months ended in Dec. 2013 was £ -26.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2013 was £-26.2 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. Heritage Oil's Operating Income for the six months ended in Dec. 2013 was £ 86.1 Mil. Heritage Oil's Interest Expense for the six months ended in Dec. 2013 was £ -26.2 Mil. Heritage Oil's Interest Coverage for the quarter that ended in Dec. 2013 was 3.29. 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.

Heritage Oil Interest Expense Historical Data

The historical data trend for Heritage Oil'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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Heritage Oil Interest Expense Chart

Heritage Oil Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Interest Expense

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-2.67

-1.90

-2.36

-17.18

-26.21

Heritage Oil Semi-Annual Data
	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Interest Expense	Get a 7-Day Free Trial												-2.67	-1.90	-2.36	-17.18	-26.21

Heritage Oil Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2013 was £-26.2 Mil.

Heritage Oil (LSE:0PZU) 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.

Heritage Oil's Interest Expense for the six months ended in Dec. 2013 was £-26.2 Mil. Its Operating Income for the six months ended in Dec. 2013 was £86.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2013 was £245.4 Mil.

Heritage Oil's Interest Coverage for the quarter that ended in Dec. 2013 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2013 )	/	Interest Expense (Q: Dec. 2013 )
	=	-1	*	86.124	/	-26.211
	=	3.29

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

Heritage Oil (LSE:0PZU) Business Description

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Website

http://www.heritageoilplc.com

Heritage Oil PLC was incorporated under the Jersey Companies Law on 6 February 2008 as Heritage Oil Limited. The Company changed its name to Heritage Oil Plc on 18 June 2009. The Company is an independent international oil and gas company. The Company is engaged in the exploration, development and production of petroleum and natural gas in Africa, the Middle East and Russia. The Company has exploration projects in Nigeria, Russia, Tanzania, Papua New Guinea, Malta, Pakistan and Libya. The Company has producing assets in Nigeria and Russia and exploration assets in Tanzania, Papua New Guinea, Malta, Libya and Pakistan.

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