Advantage Energy (TSX:AAV) Interest Expense : C$-32.0 Mil (TTM As of Mar. 2024)

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What is Advantage Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Advantage Energy's interest expense for the three months ended in Mar. 2024 was C$ -8.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-32.0 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. Advantage Energy's Operating Income for the three months ended in Mar. 2024 was C$ 28.5 Mil. Advantage Energy's Interest Expense for the three months ended in Mar. 2024 was C$ -8.5 Mil. Advantage Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 3.37. 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.

Advantage Energy Interest Expense Historical Data

The historical data trend for Advantage 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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Advantage Energy Interest Expense Chart

Advantage Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-13.27

-17.80

-20.08

-19.84

-30.09

Advantage Energy 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															-6.50	-7.40	-8.15	-8.03	-8.46

Advantage 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-32.0 Mil.

Advantage Energy (TSX:AAV) 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.

Advantage Energy's Interest Expense for the three months ended in Mar. 2024 was C$-8.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$28.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$238.6 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	28.492	/	-8.457
	=	3.37

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

Advantage Energy (TSX:AAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Advantage Energy Ltd (TSX:AAV) » Definitions » Interest Expense

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AAVVF:USA 9SA0:Germany

Address

440 - 2nd Avenue SW, Suite 2200, Calgary, AB, CAN, T2P 5E9

Website

https://www.advantageog.com

Advantage Energy Ltd is a Canadian energy company primarily engaged in the extraction of natural gas and liquid resources. The company holds over 145,000 net acres of liquids-rich lands throughout Canada. Advantage Energy Ltd focuses on creating low-cost, low-emission Canadian energy for the world. The company sells crude and medium crude oil as well as conventional natural gas and liquid natural gas. Advantage Energy Ltd plans to grow by utilizing areas with high rate of return targets due to the presence of existing infrastructure capability.

Executives

John Larry Festival

Director

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