Spindletop Oil & Gas Co (Spindletop Oil & Gas Co) Interest Expense : $0.00 Mil (TTM As of Dec. 2023)

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What is Spindletop Oil & Gas Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spindletop Oil & Gas Co's interest expense for the three months ended in Dec. 2023 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $0.00 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. Spindletop Oil & Gas Co's Operating Income for the three months ended in Dec. 2023 was $ -0.97 Mil. Spindletop Oil & Gas Co's Interest Expense for the three months ended in Dec. 2023 was $ 0.00 Mil. Spindletop Oil & Gas Co has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Spindletop Oil & Gas Co Interest Expense Historical Data

The historical data trend for Spindletop Oil & Gas Co'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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Spindletop Oil & Gas Co Interest Expense Chart

Spindletop Oil & Gas Co Annual Data

Trend

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Interest Expense

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Spindletop Oil & Gas Co Quarterly Data
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Spindletop Oil & Gas Co 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Spindletop Oil & Gas Co (OTCPK:SPND) 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.

Spindletop Oil & Gas Co's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-0.97 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.00 Mil.

Spindletop Oil & Gas Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Spindletop Oil & Gas Co had no long-term debt ⁽¹⁾.

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

Good Sign:

Spindletop Oil & Gas Co has no debt.

Spindletop Oil & Gas Co (Spindletop Oil & Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Spindletop Oil & Gas Co (OTCPK:SPND) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

12850 Spurling Road, Suite 200, One Spindletop Centre, Dallas, TX, USA, 75230-1279

Website

https://wwww.spindletopoil.com

Spindletop Oil & Gas Co is an independent oil and gas company. The firm has three business segments: oil and gas exploration, acquisition, production, and operations; transportation and compression of natural gas and commercial real estate investment. It generates maximum revenue from the oil and gas exploration, acquisition, production, and operations segment.

Executives

Paul E. Cash

other: Former Director

347 TRIPP RD., SUNNYVALE TX 75182

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