PQEFF (Petroteq Energy) Interest Expense: $-6.51 Mil (TTM As of May. 2022)

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What is Petroteq Energy Interest Expense?

Petroteq Energy PQEFF -90.00% Interest Expense is $-6.51 Mil as of May. 2022.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Petroteq Energy's interest expense for the three months ended in May. 2022 was $ -2.83 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2022 was $-6.51 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. Petroteq Energy's Operating Income for the three months ended in May. 2022 was $ -6.50 Mil. Petroteq Energy's Interest Expense for the three months ended in May. 2022 was $ -2.83 Mil. Petroteq 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.

Petroteq Energy  (OTCPK:PQEFF) 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.

Petroteq Energy's Interest Expense for the three months ended in May. 2022 was $-2.83 Mil. Its Operating Income for the three months ended in May. 2022 was $-6.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2022 was $0.38 Mil.

Petroteq Energy's Interest Coverage for the quarter that ended in May. 2022 is calculated as

Petroteq Energy 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.

Petroteq Energy Interest Expense Historical Data

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The historical data trend for Petroteq 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.

Petroteq Energy Interest Expense Chart

Petroteq Energy Annual Data
Trend Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.11 -0.37 -1.23 -2.67 -4.73

Petroteq Energy Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.37 -1.99 -0.63 -1.06 -2.83

Petroteq 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 May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.51 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-6.51 Mil mean?
Petroteq Energy (PQEFF) has a Interest Expense of $-6.51 Mil as of May. 2022. Interest Expense is the amount a company pays on its long-term debt. View historical data on Petroteq Energy and its competitors.
Is Petroteq Energy's Interest Expense too high?
Petroteq Energy's current Interest Expense is $-6.51 Mil.
How does Petroteq Energy's Interest Expense compare to MMEX and SPOWF?
Petroteq Energy's Interest Expense of $-6.51 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 Petroteq Energy and its competitors. Petroteq Energy's current Interest Expense is $-6.51 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petroteq Energy stock overvalued right now?
Petroteq Energy (PQEFF) has a current Interest Expense of $-6.51 Mil. The current Interest Expense is $-6.51 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 Petroteq Energy (PQEFF), the current Interest Expense is $-6.51 Mil as of May. 2022. 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.

Petroteq Energy Business Description

Industry EnergyOil & Gas
Address 15315 W. Magnolia Boulevard, Suite 120, Sherman Oaks, CA, USA, 91403
Petroteq Energy Inc is a fully integrated oil and gas company focused on the development and implementation of new proprietary technology for oil extraction. The company operated in two reportable segments being Oil Extraction and Processing Operations and Mining Operations. It generates revenue from the sale of hydrocarbon.