TOLWF (Trican Well Service) Interest Expense : $-1.8 Mil (TTM As of Dec. 2024)

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What is Trican Well Service Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Trican Well Service's interest expense for the three months ended in Dec. 2024 was $ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-1.8 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. Trican Well Service's Operating Income for the three months ended in Dec. 2024 was $ 26.4 Mil. Trican Well Service's Interest Expense for the three months ended in Dec. 2024 was $ -0.5 Mil. Trican Well Service's Interest Coverage for the quarter that ended in Dec. 2024 was 57.29. 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.

Trican Well Service Interest Expense Historical Data

The historical data trend for Trican Well Service'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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Trican Well Service Interest Expense Chart

Trican Well Service Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-2.58

-1.54

-1.89

-1.93

-1.74

Trican Well Service Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-0.48	-0.57	-0.37	-0.40	-0.46

Trican Well Service 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.8 Mil.

Trican Well Service (OTCPK:TOLWF) 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.

Trican Well Service's Interest Expense for the three months ended in Dec. 2024 was $-0.5 Mil. Its Operating Income for the three months ended in Dec. 2024 was $26.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $10.5 Mil.

Trican Well Service's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	26.354	/	-0.46
	=	57.29

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

Trican Well Service Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trican Well Service Ltd (OTCPK:TOLWF) » Definitions » Interest Expense

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Traded in Other Exchanges

TWZ:Germany TCW:Canada

Address

645 - 7th Avenue South West, Suite 2900, Calgary, AB, CAN, T2P 4G8

Website

https://www.tricanwellservice.com

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions. The company offers these services to customers in Canada from operating bases located across the Western Canadian Sedimentary Basin (WCSB).