Pipestone Energy (TSX:PIPE) Interest Expense : C$-21.0 Mil (TTM As of Jun. 2023)

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What is Pipestone Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pipestone Energy's interest expense for the three months ended in Jun. 2023 was C$ -5.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was C$-21.0 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. Pipestone Energy's Operating Income for the three months ended in Jun. 2023 was C$ 20.2 Mil. Pipestone Energy's Interest Expense for the three months ended in Jun. 2023 was C$ -5.1 Mil. Pipestone Energy's Interest Coverage for the quarter that ended in Jun. 2023 was 3.99. 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.

Pipestone Energy Interest Expense Historical Data

The historical data trend for Pipestone 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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Pipestone Energy Interest Expense Chart

Pipestone Energy Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

-2.83

-10.67

-13.24

-15.47

-19.86

Pipestone Energy Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Expense	Get a 7-Day Free Trial															-4.31	-4.51	-6.77	-4.62	-5.05

Pipestone 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-21.0 Mil.

Pipestone Energy (TSX:PIPE) 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.

Pipestone Energy's Interest Expense for the three months ended in Jun. 2023 was C$-5.1 Mil. Its Operating Income for the three months ended in Jun. 2023 was C$20.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was C$232.2 Mil.

Pipestone Energy's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	20.156	/	-5.054
	=	3.99

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

Pipestone Energy (TSX:PIPE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 - 3rd Street SW, Suite 3700, Calgary, AB, CAN, T2P 5C5.

Website

https://www.pipestonecorp.com

Pipestone Energy Corp is engaged in the responsible exploration for, and development and production of, oil and natural gas liquids (including condensate, pentane, butane, propane and ethane) and natural gas in Western Canada, with substantially all of its activities and assets focused in the Montney resource play in Alberta. The Company recognizes revenue from the sale of commodities, which include liquids and natural gas.

Executives

Gmt Capital Corp

Director

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