Afentra (LSE:AET) Interest Expense : £-4.04 Mil (TTM As of Jun. 2024)

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What is Afentra Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Afentra's interest expense for the six months ended in Jun. 2024 was £ -2.95 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was £-4.04 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. Afentra's Operating Income for the six months ended in Jun. 2024 was £ 26.83 Mil. Afentra's Interest Expense for the six months ended in Jun. 2024 was £ -2.95 Mil. Afentra's Interest Coverage for the quarter that ended in Jun. 2024 was 9.09. 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.

Afentra Interest Expense Historical Data

The historical data trend for Afentra'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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Afentra Interest Expense Chart

Afentra Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.04

-0.03

-0.02

-1.43

Afentra Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.06	0.04	-0.35	-1.08	-2.95

Afentra 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 £-4.04 Mil.

Afentra (LSE:AET) 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.

Afentra's Interest Expense for the six months ended in Jun. 2024 was £-2.95 Mil. Its Operating Income for the six months ended in Jun. 2024 was £26.83 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was £27.13 Mil.

Afentra'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	*	26.825	/	-2.952
	=	9.09

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

Afentra Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Afentra PLC (LSE:AET) » Definitions » Interest Expense

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Address

High Holborn House, 52-54 High Holborn, London, GBR, WC1V 6RL

Website

https://www.afentraplc.com

Afentra PLC is an upstream oil and gas company in the United Kingdom with a focus on exploring opportunities across Africa. Its purpose is to support the energy transition in Africa by establishing itself as a credible partner for divesting IOCs and Host Governments. It holds a non-operated interest in several key blocks. The group has a non-operated interest in producing Block 3/05, as well as in the adjacent development Block 3/05A in the Lower Congo Basin, Angola. Additionally, it holds a non-operating interest in the exploration of Block 23 in the Kwanza Basin. Onshore Angola, Afentra has a non-operated interest in Block KON 19, located in the western part of the Onshore Kwanza Basin. It also has a carried interest in the Odewayne Block, located onshore in southwestern Somaliland.