Vitesse Energy (MEX:VTS) Interest Expense : MXN-107 Mil (TTM As of Mar. 2024)

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What is Vitesse Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vitesse Energy's interest expense for the three months ended in Mar. 2024 was MXN -37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was MXN-107 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. Vitesse Energy's Operating Income for the three months ended in Mar. 2024 was MXN 217 Mil. Vitesse Energy's Interest Expense for the three months ended in Mar. 2024 was MXN -37 Mil. Vitesse Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 5.94. 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.

Vitesse Energy Interest Expense Historical Data

The historical data trend for Vitesse 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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Vitesse Energy Interest Expense Chart

Vitesse Energy Annual Data

Trend

Nov19

Nov20

Nov21

Dec22

Dec23

Interest Expense

-94.30

-94.28

-68.80

-80.97

-89.56

Vitesse Energy Quarterly Data
	Nov19	Nov20	Aug21	Nov21	Aug22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial						-21.29	-19.12	-20.31	-30.81	-36.56

Vitesse 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 quarterly data reported by the company within the most recent 12 months, which was MXN-107 Mil.

Vitesse Energy (MEX:VTS) 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.

Vitesse Energy's Interest Expense for the three months ended in Mar. 2024 was MXN-37 Mil. Its Operating Income for the three months ended in Mar. 2024 was MXN217 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was MXN1,626 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	217.062	/	-36.562
	=	5.94

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

Vitesse Energy (MEX:VTS) Business Description

Industry

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VTS:USA

Address

9200 E. Mineral Avenue, Suite 200, Centennial, CO, USA, 80112

Website

https://www.vitesse-vts.com

Vitesse Energy Inc is an independent energy company engaged in the acquisition, development, and production of non-operated oil and natural gas properties in the United States that are generally operated by oil companies and are in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. The company also have properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.