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Ascent Resources (LSE:AST) Interest Expense : £-0.02 Mil (TTM As of Jun. 2024)


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What is Ascent Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ascent Resources's interest expense for the six months ended in Jun. 2024 was £ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was £-0.02 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. Ascent Resources's Operating Income for the six months ended in Jun. 2024 was £ -0.81 Mil. Ascent Resources's Interest Expense for the six months ended in Jun. 2024 was £ -0.02 Mil. Ascent Resources 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.

Ascent Resources Interest Expense Historical Data

The historical data trend for Ascent Resources'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.

* Premium members only.

Ascent Resources Interest Expense Chart

Ascent Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.04 -0.02 -0.03 -0.03 -0.04

Ascent Resources 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -0.03 -0.04 - -0.02

Ascent Resources 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 £-0.02 Mil.

* 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.

Ascent Resources  (LSE:AST) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ascent Resources's Interest Expense for the six months ended in Jun. 2024 was £-0.02 Mil. Its Operating Income for the six months ended in Jun. 2024 was £-0.81 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was £0.00 Mil.

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

Ascent Resources 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.

Ascent Resources Business Description

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Traded in Other Exchanges
A2N:Germany
Address
5 New Street Square, London, GBR, EC4A 3TW
Website
https://www.ascentresources.co.uk
Ascent Resources PLC is an independent oil and gas exploration and production company. The company's portfolio consists of predominantly European onshore projects and operates the Petisovci tight gas project in Slovenia. It operates in two principal geographical areas: Slovenia and the United Kingdom. The company derives a majority of its revenue from the United Kingdom.