Sirius Petroleum (LSE:SRSP) Interest Expense: £-0.07 Mil (TTM As of Jun. 2018)

What is Sirius Petroleum Interest Expense?

Sirius Petroleum LSE:SRSP Interest Expense is £-0.07 Mil as of Jun. 2018. The stock has 4 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sirius Petroleum's interest expense for the six months ended in Jun. 2018 was £ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2018 was £-0.07 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. Sirius Petroleum's Operating Income for the six months ended in Jun. 2018 was £ -2.26 Mil. Sirius Petroleum's Interest Expense for the six months ended in Jun. 2018 was £ -0.00 Mil. Sirius 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.

Sirius Petroleum (LSE:SRSP) 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.

Sirius Petroleum's Interest Expense for the six months ended in Jun. 2018 was £-0.00 Mil. Its Operating Income for the six months ended in Jun. 2018 was £-2.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2018 was £0.00 Mil.

Sirius Petroleum's Interest Coverage for the quarter that ended in Jun. 2018 is calculated as

Sirius Petroleum 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.

Sirius Petroleum Interest Expense Historical Data

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The historical data trend for Sirius Petroleum's Interest Expense can be seen below:

Sirius Petroleum Interest Expense Chart

Sirius Petroleum Annual Data

Trend

Jul08

Jul09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Interest Expense

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-0.01

-0.64

-0.09

Sirius Petroleum Semi-Annual Data
	Jan08	Jul08	Jan09	Jul09	Jan10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Interest Expense	Get a 7-Day Free Trial															-0.00	0.00	-0.02	-0.07	-0.00

Sirius 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 Jun. 2018 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.07 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of £-0.07 Mil mean?

Sirius Petroleum (LSE:SRSP) has a Interest Expense of £-0.07 Mil as of Jun. 2018. Interest Expense is the amount a company pays on its long-term debt. View historical data on Sirius Petroleum and its competitors.

Is Sirius Petroleum's Interest Expense too high?

Sirius Petroleum's current Interest Expense is £-0.07 Mil.

How does Sirius Petroleum's Interest Expense compare to WHZT and GSPE?

Sirius Petroleum's Interest Expense of £-0.07 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Interest Expense for an Oil & Gas company?

A good Interest Expense depends on the Oil & Gas industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Interest Expense mean?

A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Sirius Petroleum and its competitors. Sirius Petroleum's current Interest Expense is £-0.07 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Sirius Petroleum stock overvalued right now?

Sirius Petroleum (LSE:SRSP) has a current Interest Expense of £-0.07 Mil. The current Interest Expense is £-0.07 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Interest Expense calculated?

Interest Expense is calculated from a company's financial statements. For Sirius Petroleum (LSE:SRSP), the current Interest Expense is £-0.07 Mil as of Jun. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sirius Petroleum Business Description

Industry Energy Oil & Gas

Comparable Companies LSE:CAB PHS:OV TSX:PRQ WHZT TSXV:ROE TSX:PPR PHS:OPM WAR:SEN TSXV:AFE LSE:CERP OSL:PEN TSXV:SOG LSE:AST TSXV:POE ASX:STX TSX:CDH LSE:CORO GSPE ASX:CUE TSXV:PQE

Address 25 Bury Street, 1st Floor, London, GBR, SW1Y 6AL

Website http://www.siriuspetroleum.com

Sirius Petroleum PLC is an independent oil development company. It focuses on opportunities in the oil and gas sector with particular emphasis in Nigeria. The company acquires and develops offshore proven oil discoveries in Nigeria that have beneficial indigenous tax regimes. The company has only one operating segment: Oil Extraction and Related Activities.