SLKEF (Silk Energy) Interest Expense: $-2.04 Mil (TTM As of Sep. 2021)

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What is Silk Energy Interest Expense?

Silk Energy SLKEF -99.00% Interest Expense is $-2.04 Mil as of Sep. 2021.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Silk Energy's interest expense for the three months ended in Sep. 2021 was $ -0.39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2021 was $-2.04 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. Silk Energy's Operating Income for the three months ended in Sep. 2021 was $ -0.33 Mil. Silk Energy's Interest Expense for the three months ended in Sep. 2021 was $ -0.39 Mil. Silk 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.

Silk Energy  (OTCPK:SLKEF) 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.

Silk Energy's Interest Expense for the three months ended in Sep. 2021 was $-0.39 Mil. Its Operating Income for the three months ended in Sep. 2021 was $-0.33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2021 was $0.21 Mil.

Silk Energy's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Silk 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.

Silk Energy Interest Expense Historical Data

* Premium members only.

The historical data trend for Silk 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.

Silk Energy Interest Expense Chart

Silk Energy Annual Data
Trend Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Dec19 Dec20
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 -0.01 -0.01 -0.01 -3.15

Silk Energy Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 -0.83 -0.83 -0.46 -0.37 -0.39

Silk 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.04 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 $-2.04 Mil mean?
Silk Energy (SLKEF) has a Interest Expense of $-2.04 Mil as of Sep. 2021. Interest Expense is the amount a company pays on its long-term debt. View historical data on Silk Energy and its competitors.
Is Silk Energy's Interest Expense too high?
Silk Energy's current Interest Expense is $-2.04 Mil.
How does Silk Energy's Interest Expense compare to COP and EOG?
Silk Energy's Interest Expense of $-2.04 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 Silk Energy and its competitors. Silk Energy's current Interest Expense is $-2.04 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Silk Energy stock overvalued right now?
Silk Energy (SLKEF) has a current Interest Expense of $-2.04 Mil. The current Interest Expense is $-2.04 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 Silk Energy (SLKEF), the current Interest Expense is $-2.04 Mil as of Sep. 2021. 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.

Silk Energy Business Description

Industry EnergyOil & Gas
Address 66 Wellington Street West, Suite 4100, P.O. Box 35, TD Bank Tower, Toronto, ON, CAN, M5K 1B7
Silk Energy Ltd is a canada based company engaged in the acquisition, exploration and development of mineral properties.