Granite Oil (TSX:GXO) Interest Expense : C$-2.87 Mil (TTM As of Sep. 2019)

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What is Granite Oil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Granite Oil's interest expense for the three months ended in Sep. 2019 was C$ -0.75 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2019 was C$-2.87 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. Granite Oil's Operating Income for the three months ended in Sep. 2019 was C$ 1.58 Mil. Granite Oil's Interest Expense for the three months ended in Sep. 2019 was C$ -0.75 Mil. Granite Oil's Interest Coverage for the quarter that ended in Sep. 2019 was 2.10. 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.

Granite Oil Interest Expense Historical Data

The historical data trend for Granite 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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Granite Oil Interest Expense Chart

Granite Oil Annual Data

Trend

Jan09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Interest Expense

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-4.28

-3.14

-1.17

-1.33

-2.46

Granite Oil Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Interest Expense	Get a 7-Day Free Trial															-0.68	-0.51	-0.75	-0.85	-0.75

Granite 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 Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.87 Mil.

Granite Oil (TSX:GXO) 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.

Granite Oil's Interest Expense for the three months ended in Sep. 2019 was C$-0.75 Mil. Its Operating Income for the three months ended in Sep. 2019 was C$1.58 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2019 was C$0.00 Mil.

Granite Oil's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2019 )	/	Interest Expense (Q: Sep. 2019 )
	=	-1	*	1.582	/	-0.754
	=	2.10

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

Granite Oil (TSX:GXO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Granite Oil Corp (TSX:GXO) » Definitions » Interest Expense

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Address

3230, 308 - 4th Avenue SW, Calgary, AB, CAN, T2P 0H7

Website

http://www.graniteoil.ca

Granite Oil Corp is a Canada-based oil producer based in Calgary, Alberta with lands and operations located in southern Alberta. The company is engaged in the exploration for and exploitation, development, and production of oil and natural gas. Its Alberta Bakken Properties are located in southern Alberta at the south of Lethbridge.