Canadian Overseas Petroleum (LSE:COPL) Interest Expense : £-8.58 Mil (TTM As of Sep. 2023)

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What is Canadian Overseas Petroleum Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canadian Overseas Petroleum's interest expense for the three months ended in Sep. 2023 was £ -1.87 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was £-8.58 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. Canadian Overseas Petroleum's Operating Income for the three months ended in Sep. 2023 was £ -2.07 Mil. Canadian Overseas Petroleum's Interest Expense for the three months ended in Sep. 2023 was £ -1.87 Mil. Canadian Overseas Petroleum 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.

Canadian Overseas Petroleum Interest Expense Historical Data

The historical data trend for Canadian Overseas Petroleum'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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Canadian Overseas Petroleum Interest Expense Chart

Canadian Overseas Petroleum Annual Data

Trend

Dec13

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Dec18

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Dec22

Interest Expense

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-0.03

-4.56

-6.68

Canadian Overseas Petroleum Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-1.89	-1.60	-1.82	-3.30	-1.87

Canadian Overseas Petroleum 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was £-8.58 Mil.

Canadian Overseas Petroleum (LSE:COPL) 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.

Canadian Overseas Petroleum's Interest Expense for the three months ended in Sep. 2023 was £-1.87 Mil. Its Operating Income for the three months ended in Sep. 2023 was £-2.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was £44.88 Mil.

Canadian Overseas Petroleum's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Canadian Overseas Petroleum did not have earnings to cover the interest expense.

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

Canadian Overseas Petroleum (LSE:COPL) Business Description

Industry

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VELXF:USA V9L:Germany XOP:Canada

Address

715 - 5th Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 2X6

Website

https://www.canoverseas.com

Canadian Overseas Petroleum Ltd is an international oil and gas exploration, development and production company pursuing opportunities in the United States with operations in Converse County Wyoming, and in sub-Saharan Africa and independently in other countries. The company's Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities.

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