MGLG (Magellan Energy) Interest Expense: $ Mil (TTM As of . 20)


What is Magellan Energy Interest Expense?

Magellan Energy MGLG -90.00% Interest Expense is $ Mil as of . 20.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magellan Energy's interest expense for the three months ended in . 20 was $ 0.00 Mil. Magellan Energy does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in . 20.

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. Magellan Energy's Operating Income for the three months ended in . 20 was $ 0.00 Mil. Magellan Energy's Interest Expense for the three months ended in . 20 was $ 0.00 Mil. Magellan 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.

Magellan Energy  (OTCPK:MGLG) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Magellan Energy's Interest Expense for the three months ended in . 20 was $0.00 Mil. Its Operating Income for the three months ended in . 20 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in . 20 was $0.00 Mil.

Magellan Energy's Interest Coverage for the quarter that ended in . 20 is calculated as

Magellan Energy had no long-term debt (1).

* 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.

Magellan Energy Interest Expense Historical Data

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The historical data trend for Magellan 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.

Magellan Energy Interest Expense Chart

Magellan Energy Annual Data
Trend
Interest Expense

Magellan Energy Quarterly Data
Interest Expense

Magellan Energy Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $ Mil mean?
Magellan Energy (MGLG) has a Interest Expense of $ Mil as of . 20. Interest Expense is the amount a company pays on its long-term debt. View historical data on Magellan Energy and its competitors.
Is Magellan Energy's Interest Expense too high?
Magellan Energy's current Interest Expense is $ Mil.
How does Magellan Energy's Interest Expense compare to JKXOY and BRZV?
Magellan Energy's Interest Expense of $ 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 Magellan Energy and its competitors. Magellan Energy's current Interest Expense is $ Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magellan Energy stock overvalued right now?
Magellan Energy (MGLG) has a current Interest Expense of $ Mil. The current Interest Expense is $ 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 Magellan Energy (MGLG), the current Interest Expense is $ Mil as of . 20. 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.

Magellan Energy Business Description

Industry EnergyOil & Gas
Address 1370 Hurontario Street, Mississauga, ON, CAN, L5G 3H4
Magellan Energy Ltd is an oil and gas exploration company. The company is engaged in the extraction and production of small to medium-sized oil and gas properties.