PTOAF (Pieridae Energy) Interest Expense : $-19.0 Mil (TTM As of Sep. 2024)

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What is Pieridae Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pieridae Energy's interest expense for the three months ended in Sep. 2024 was $ -4.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-19.0 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. Pieridae Energy's Operating Income for the three months ended in Sep. 2024 was $ -16.9 Mil. Pieridae Energy's Interest Expense for the three months ended in Sep. 2024 was $ -4.6 Mil. Pieridae 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.

Pieridae Energy Interest Expense Historical Data

The historical data trend for Pieridae 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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Pieridae Energy Interest Expense Chart

Pieridae Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-9.34

-24.29

-26.14

-22.31

-18.43

Pieridae Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-4.80	-4.97	-4.79	-4.63	-4.58

Pieridae 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-19.0 Mil.

Pieridae Energy (OTCPK:PTOAF) 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.

Pieridae Energy's Interest Expense for the three months ended in Sep. 2024 was $-4.6 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-16.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $114.9 Mil.

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

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

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

Pieridae Energy Business Description

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PEA:Canada

Address

1718 Argyle Street, Suite 730, Halifax, NS, CAN, B3J 3N6

Website

https://www.pieridaeenergy.com

Pieridae Energy Ltd is a Canadian-owned corporation e is focused on developing and producing conventional raw natural gas and processing it into sales products that include natural gas liquids (NGLs) and sulphur. It is an upstream producer and midstream operator with core assets concentrated along the foothills of the Rocky Mountains. Its upstream segment is comprised of petroleum and natural gas production operations and properties. It also includes the company's upstream operations in Eastern Canada and corporate overhead activities associated with these operations.