Callon Petroleum Co (STU:CE51) Interest Expense : €-156 Mil (TTM As of Dec. 2023)

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What is Callon Petroleum Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Callon Petroleum Co's interest expense for the three months ended in Dec. 2023 was € -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-156 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. Callon Petroleum Co's Operating Income for the three months ended in Dec. 2023 was € 168 Mil. Callon Petroleum Co's Interest Expense for the three months ended in Dec. 2023 was € -36 Mil. Callon Petroleum Co's Interest Coverage for the quarter that ended in Dec. 2023 was 4.61. 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.

Callon Petroleum Co Interest Expense Historical Data

The historical data trend for Callon Petroleum 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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Callon Petroleum Co Interest Expense Chart

Callon Petroleum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.62

-71.52

-178.47

-165.63

-154.53

Callon Petroleum Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-41.65	-40.79	-41.19	-37.87	-36.50

Callon Petroleum 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 €-156 Mil.

Callon Petroleum Co (STU:CE51) 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.

Callon Petroleum Co's Interest Expense for the three months ended in Dec. 2023 was €-36 Mil. Its Operating Income for the three months ended in Dec. 2023 was €168 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €1,759 Mil.

Callon Petroleum Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	168.123	/	-36.497
	=	4.61

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

Callon Petroleum Co (STU:CE51) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CPE:USA CPE:Mexico CE51:Germany

Address

2000 W. Sam Houston Parkway South, Suite 2000, One Briarlake Plaza, Houston, TX, USA, 77042

Website

https://www.callon.com

Callon Petroleum Company engages in the exploration, development, acquisition, and production of oil and natural gas. Activities are primarily conducted in the Permian Basin region of West Texas and southeastern New Mexico. Callon relies heavily on the latest horizontal production techniques to extract hydrocarbon products from its assets, with crude oil accounting for over half of production. Historically, a handful of marketing and trading companies have accounted for the majority of the sales for Callon's oil and gas production. Assets are acquired through the drilling of emerging zones on existing acreage but also by acquiring additional locations through leasehold purchases, leasing programs, joint ventures, and asset swaps.

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