Petrel Resources (LSE:PET) Interest Expense : £0.00 Mil (TTM As of Jun. 2023)

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What is Petrel Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Petrel Resources's interest expense for the six months ended in Jun. 2023 was £ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was £0.00 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. Petrel Resources's Operating Income for the six months ended in Jun. 2023 was £ -0.14 Mil. Petrel Resources's Interest Expense for the six months ended in Jun. 2023 was £ 0.00 Mil. Petrel Resources has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Petrel Resources Interest Expense Historical Data

The historical data trend for Petrel 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.

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Petrel Resources Interest Expense Chart

Petrel Resources Annual Data

Trend

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Interest Expense

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Petrel Resources Semi-Annual Data
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Petrel 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.00 Mil.

Petrel Resources (LSE:PET) 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.

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

Petrel Resources's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Petrel Resources had no long-term debt ⁽¹⁾.

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

Good Sign:

Petrel Resources PLC has no debt.

Petrel Resources (LSE:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrel Resources PLC (LSE:PET) » Definitions » Interest Expense

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PET.GB:UK PQ4:Germany

Address

162 Clontarf Road, Dublin, IRL, 3

Website

https://www.petrelresources.com

Petrel Resources PLC is an oil exploration company. The company has a class of business: Oil Exploration and Development. It has operations in Iraq, Africa, and Ireland. It has frontier exploration licenses (FELs), which include FEL 3/14, and FEL 11/18.