Savannah Energy (LSE:SAVE) Interest Expense : £-72.5 Mil (TTM As of Jun. 2023)

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What is Savannah Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Savannah Energy's interest expense for the six months ended in Jun. 2023 was £ -39.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was £-72.5 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. Savannah Energy's Operating Income for the six months ended in Jun. 2023 was £ 31.8 Mil. Savannah Energy's Interest Expense for the six months ended in Jun. 2023 was £ -39.0 Mil. Savannah Energy's Interest Coverage for the quarter that ended in Jun. 2023 was 0.81. 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.

Savannah Energy Interest Expense Historical Data

The historical data trend for Savannah 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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Savannah Energy Interest Expense Chart

Savannah Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-1.11

-8.18

-53.75

-55.22

-62.06

Savannah Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial														-26.08	-27.71	-28.26	-33.49	-39.02

Savannah 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-72.5 Mil.

Savannah Energy (LSE:SAVE) 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.

Savannah Energy's Interest Expense for the six months ended in Jun. 2023 was £-39.0 Mil. Its Operating Income for the six months ended in Jun. 2023 was £31.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was £125.7 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	31.791	/	-39.023
	=	0.81

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Savannah Energy PLCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Savannah Energy (LSE:SAVE) Business Description

Industry

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Address

40 Bank Street, London, GBR, E14 5NR

Website

https://www.savannah-energy.com

Savannah Energy PLC is an energy producer in Nigeria and, via its controlling interest in the Accugas midstream business. It currently provides gas to power stations accounting for over 10% of Nigeria's power generation capacity and operates privately-owned gas transportation and distribution systems in sub-Saharan Africa. In Niger, it is focused on developing its flagship assets in the prolific Agadem Rift Basin, with plans to deliver the first oil in the near term. Its geographical segments are Nigeria, Cameroon, and Niger. It generates the majority of its revenue from Nigeria.