Africa Oil (STU:AFZ) Interest Expense : €-7.67 Mil (TTM As of Mar. 2024)

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What is Africa Oil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Africa Oil's interest expense for the three months ended in Mar. 2024 was € -1.20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-7.67 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. Africa Oil's Operating Income for the three months ended in Mar. 2024 was € -4.69 Mil. Africa Oil's Interest Expense for the three months ended in Mar. 2024 was € -1.20 Mil. Africa Oil 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.

Africa Oil Interest Expense Historical Data

The historical data trend for Africa Oil'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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Africa Oil Interest Expense Chart

Africa Oil Annual Data

Trend

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Interest Expense

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-0.09

-24.11

-16.20

-3.30

-6.97

Africa Oil 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															-0.56	-3.42	-1.50	-1.56	-1.20

Africa Oil 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 €-7.67 Mil.

Africa Oil (STU:AFZ) 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.

Africa Oil's Interest Expense for the three months ended in Mar. 2024 was €-1.20 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-4.69 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €2.76 Mil.

Africa Oil's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Africa Oil did not have earnings to cover the interest expense.

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

Africa Oil (STU:AFZ) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Africa Oil Corp (STU:AFZ) » Definitions » Interest Expense

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Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.africaoilcorp.com

Africa Oil Corp is an international oil and gas exploration company. It is an exploration stage enterprise that participates in oil and gas projects located in emerging markets, in sub-Saharan Africa. The company operates in the business segment of international oil and gas exploration, and geographically, it operates in Kenya and Ethiopia.

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