Secure Energy Services (Secure Energy Services) Interest Expense : $-57 Mil (TTM As of Mar. 2024)

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What is Secure Energy Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Secure Energy Services's interest expense for the three months ended in Mar. 2024 was $ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-57 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. Secure Energy Services's Operating Income for the three months ended in Mar. 2024 was $ 52 Mil. Secure Energy Services's Interest Expense for the three months ended in Mar. 2024 was $ -11 Mil. Secure Energy Services's Interest Coverage for the quarter that ended in Mar. 2024 was 4.67. 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.

Secure Energy Services Interest Expense Historical Data

The historical data trend for Secure Energy Services'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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Secure Energy Services Interest Expense Chart

Secure Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-18.92

-17.96

-39.06

-61.83

-61.12

Secure Energy Services 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															-14.62	-15.81	-15.52	-14.91	-11.08

Secure Energy Services 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 $-57 Mil.

Secure Energy Services (OTCPK:SECYF) 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.

Secure Energy Services's Interest Expense for the three months ended in Mar. 2024 was $-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was $52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $292 Mil.

Secure Energy Services'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	*	51.714	/	-11.082
	=	4.67

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

Secure Energy Services (Secure Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Secure Energy Services Inc (OTCPK:SECYF) » Definitions » Interest Expense

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SEP:Germany SES:Canada

Address

2300, 225 - 6th Avenue SW, Calgary, AB, CAN, T2P 1N2

Website

https://www.secure-energy.com

Secure Energy Services Inc provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental and Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. The Environmental and Fluid Management segment includes a network of landfill disposal facilities; onsite abandonment, remediation, and reclamation management; a suite of comprehensive environmental management solutions. The company's geographical segments are Canada and the United States.