Zenith Energy (LSE:ZEN) Interest Expense : £-2.93 Mil (TTM As of Mar. 2024)

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What is Zenith Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zenith Energy's interest expense for the six months ended in Mar. 2024 was £ -2.45 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-2.93 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. Zenith Energy's Operating Income for the six months ended in Mar. 2024 was £ -6.38 Mil. Zenith Energy's Interest Expense for the six months ended in Mar. 2024 was £ -2.45 Mil. Zenith 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.

Zenith Energy Interest Expense Historical Data

The historical data trend for Zenith 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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Zenith Energy Interest Expense Chart

Zenith Energy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.76

-0.62

-1.16

-1.67

-2.91

Zenith Energy Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.67	-0.91	-0.84	-0.48	-2.45

Zenith 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-2.93 Mil.

Zenith Energy (LSE:ZEN) 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.

Zenith Energy's Interest Expense for the six months ended in Mar. 2024 was £-2.45 Mil. Its Operating Income for the six months ended in Mar. 2024 was £-6.38 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was £18.72 Mil.

Zenith Energy's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Zenith Energy did not have earnings to cover the interest expense.

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

Zenith Energy Business Description

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ZENAF:USA ZENA:Norway

Address

421 - 7th Avenue SW, Suite 4000, Calgary, AB, CAN, T2P 4K9

Website

https://www.zenithenergy.ca

Zenith Energy Ltd is an international independent oil and gas company with production, exploration, and development assets in the Republic of the Congo, Italy, and Tunisia. The company's strategic focus is the development of revenue-generating oil production assets, as well as low-risk exploration activities in assets with existing production. Its segments are Italy, Tunisia, and Others.