TransCoastal (TransCoastal) Interest Expense : $-1.80 Mil (TTM As of Jun. 2015)

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What is TransCoastal Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TransCoastal's interest expense for the three months ended in Jun. 2015 was $ -1.21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2015 was $-1.80 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. TransCoastal's Operating Income for the three months ended in Jun. 2015 was $ -1.26 Mil. TransCoastal's Interest Expense for the three months ended in Jun. 2015 was $ -1.21 Mil. TransCoastal 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.

TransCoastal Interest Expense Historical Data

The historical data trend for TransCoastal'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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TransCoastal Interest Expense Chart

TransCoastal Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Interest Expense

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-0.03

-0.02

-0.71

-0.77

TransCoastal Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Interest Expense	Get a 7-Day Free Trial															-0.21	-0.20	-0.17	-0.22	-1.21

TransCoastal 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 Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.80 Mil.

TransCoastal (GREY:TCEC) 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.

TransCoastal's Interest Expense for the three months ended in Jun. 2015 was $-1.21 Mil. Its Operating Income for the three months ended in Jun. 2015 was $-1.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2015 was $1.47 Mil.

TransCoastal's Interest Coverage for the quarter that ended in Jun. 2015 is calculated as

TransCoastal did not have earnings to cover the interest expense.

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

TransCoastal (TransCoastal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TransCoastal Corp (GREY:TCEC) » Definitions » Interest Expense

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Address

4975 Voyager Drive, Dallas, TX, USA, 75237

Website

http://www.transcoastal.net

TransCoastal Corp is an oil and gas exploration and production company. It is engaged in the development of oil and gas reserves in the state of Texas. The company has acquired or divested over 100 wells in Texas and has over 200 undeveloped locations on over 6000 acres of leased oil and gas property located primarily in the panhandle area of west Texas.

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