NuVista Energy (TSX:NVA) Interest Expense : C$-38 Mil (TTM As of Dec. 2023)

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What is NuVista Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NuVista Energy's interest expense for the three months ended in Dec. 2023 was C$ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-38 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. NuVista Energy's Operating Income for the three months ended in Dec. 2023 was C$ 122 Mil. NuVista Energy's Interest Expense for the three months ended in Dec. 2023 was C$ -10 Mil. NuVista Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 12.78. 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.

NuVista Energy Interest Expense Historical Data

The historical data trend for NuVista 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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NuVista Energy Interest Expense Chart

NuVista Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-33.02

-43.74

-48.09

-39.40

-36.43

NuVista Energy 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															-9.11	-10.52	-9.18	-8.70	-9.53

NuVista 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-38 Mil.

NuVista Energy (TSX:NVA) 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.

NuVista Energy's Interest Expense for the three months ended in Dec. 2023 was C$-10 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$122 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$299 Mil.

NuVista Energy'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	*	121.86	/	-9.534
	=	12.78

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

NuVista Energy (TSX:NVA) Business Description

Industry

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NUVSF:USA

Address

525 - 8th Avenue South West, Suite 2500, Calgary, AB, CAN, T2P 1G1

Website

https://nvaenergy.com

NuVista Energy Ltd engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds significant use in the heavy oil business when applied to heavy oil bitumen. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista. To better service assets and production in this area, the firm operates compressor and dehydration stations.

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