Seplat Energy (NSA:SEPLAT) Interest Expense : ₦-104,723 Mil (TTM As of Mar. 2024)

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What is Seplat Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Seplat Energy's interest expense for the three months ended in Mar. 2024 was ₦ -30,081 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₦-104,723 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. Seplat Energy's Operating Income for the three months ended in Mar. 2024 was ₦ 114,586 Mil. Seplat Energy's Interest Expense for the three months ended in Mar. 2024 was ₦ -30,081 Mil. Seplat Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 3.81. 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.

Seplat Energy Interest Expense Historical Data

The historical data trend for Seplat 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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Seplat Energy Interest Expense Chart

Seplat Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-50,157.71

-77,517.95

-113,952.92

-101,905.14

-103,487.38

Seplat Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-28,845.28	-26,494.35	-25,964.94	-22,182.81	-30,080.57

Seplat 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 ₦-104,723 Mil.

Seplat Energy (NSA:SEPLAT) 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.

Seplat Energy's Interest Expense for the three months ended in Mar. 2024 was ₦-30,081 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₦114,586 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₦969,269 Mil.

Seplat 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	*	114585.516	/	-30080.567
	=	3.81

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

Seplat Energy (NSA:SEPLAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Seplat Energy PLC (NSA:SEPLAT) » Definitions » Interest Expense

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SEPLl:UK SEPL:UK 134:Germany

Address

16A Temple Road (Olu Holloway), Ikoyi, Lagos, NGA

Website

https://www.seplatenergy.com

Seplat Energy PLC formerly SEPLAT Petroleum Development Company PLC is a Nigerian independent upstream oil and gas company which focuses on production and development opportunities in Nigeria. The company has two reportable segments namely Oil and Gas. Geographically, it derives a majority of revenue from Switzerland. The company's exploration assets include OMLs 4, 38 and 41 which are located in Edo and Delta States onshore Nigeria; OPL 283 Marginal Field Area; and OML 53, which is located onshore in Imo State in the North-Eastern Niger Delta.

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