SRC Energy (SRC Energy) Interest Expense : $-3.6 Mil (TTM As of Sep. 2019)

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What is SRC Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SRC Energy's interest expense for the three months ended in Sep. 2019 was $ -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2019 was $-3.6 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. SRC Energy's Operating Income for the three months ended in Sep. 2019 was $ 31.8 Mil. SRC Energy's Interest Expense for the three months ended in Sep. 2019 was $ -0.9 Mil. SRC Energy's Interest Coverage for the quarter that ended in Sep. 2019 was 33.92. 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.

SRC Energy Interest Expense Historical Data

The historical data trend for SRC 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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SRC Energy Interest Expense Chart

SRC Energy Annual Data

Trend

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Aug15

Dec16

Dec17

Dec18

Interest Expense

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-0.45

-0.61

-1.64

-3.08

-3.93

SRC Energy Quarterly Data
	Nov14	Feb15	May15	Aug15	Nov15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Interest Expense	Get a 7-Day Free Trial															-0.91	-1.02	-0.80	-0.85	-0.94

SRC 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.6 Mil.

SRC Energy (AMEX:SRCI) 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.

SRC Energy's Interest Expense for the three months ended in Sep. 2019 was $-0.9 Mil. Its Operating Income for the three months ended in Sep. 2019 was $31.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2019 was $705.3 Mil.

SRC Energy's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2019 )	/	Interest Expense (Q: Sep. 2019 )
	=	-1	*	31.781	/	-0.937
	=	33.92

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

SRC Energy (SRC Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SRC Energy Inc (AMEX:SRCI) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

1675 Broadway, Suite 2600, Denver, CO, USA, 80202

Website

http://www.srcenergy.com

SRC Energy Inc, formerly Synergy Resources Corp is an oil & natural gas company. It is engaged in the acquisition, development, exploitation, exploration and production of oil and natural gas properties.

Executives

Lynn A Peterson	director, officer: President, CEO	1625 BROADWAY, SUITE 250, DENVER CO 80202
James P Henderson	officer: EVP & Chief Financial Officer	1625 BROADWAY, SUITE 250, DENVER CO 80202
Paul Korus	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Jack N Aydin	director	6 DEFOREST CORT, W. NYACK NY 10094
Rick Wilber	director
Frank L Jennings	officer: Chief Accounting Officer	5455 SPINE ROAD SUITE C, BOULDER CO 80301
Bill M Conrad	director	2886 CARRIAGE MANOR POINT, COLO SPGS CO 80906