Block Energy (LSE:BLOE) Interest Expense : £0.06 Mil (TTM As of Dec. 2023)

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What is Block Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Block Energy's interest expense for the six months ended in Dec. 2023 was £ 0.14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £0.06 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. Block Energy's Operating Income for the six months ended in Dec. 2023 was £ 0.34 Mil. Block Energy's Interest Expense for the six months ended in Dec. 2023 was £ 0.14 Mil. Block Energy 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.

Block Energy Interest Expense Historical Data

The historical data trend for Block 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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Block Energy Interest Expense Chart

Block Energy Annual Data

Trend

Jun16

Jun17

Jun18

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.04

-0.01

-0.07

-0.06

0.06

Block Energy Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial									-0.03	-	-0.06	-0.09	0.14

Block 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.06 Mil.

Block Energy (LSE:BLOE) 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.

Block Energy's Interest Expense for the six months ended in Dec. 2023 was £0.14 Mil. Its Operating Income for the six months ended in Dec. 2023 was £0.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £0.00 Mil.

Block Energy's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

Block Energy (LSE:BLOE) Business Description

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

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BE9:Germany

Address

25 Eccleston Place, Eccleston Yards, London, GBR, SW1W 9NF

Website

https://www.blockenergy.co.uk

Block Energy PLC is an oil exploration, development and production company whose main country of operation is the Republic of Georgia. Its segments include Oil extraction in Georgia and the Corporate function. The company has interests in the Norio oil field, Satskhenisi, and West Rustavi field.

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