Trinidad Drilling (TSX:TDG) Interest Expense : C$-35.6 Mil (TTM As of Sep. 2018)

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What is Trinidad Drilling Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Trinidad Drilling's interest expense for the three months ended in Sep. 2018 was C$ -8.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2018 was C$-35.6 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. Trinidad Drilling's Operating Income for the three months ended in Sep. 2018 was C$ -11.7 Mil. Trinidad Drilling's Interest Expense for the three months ended in Sep. 2018 was C$ -8.6 Mil. Trinidad Drilling did not have earnings to cover the interest expense. 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.

Trinidad Drilling Interest Expense Historical Data

The historical data trend for Trinidad Drilling'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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Trinidad Drilling Interest Expense Chart

Trinidad Drilling Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Interest Expense

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-38.13

-39.53

-47.84

-49.91

-37.60

Trinidad Drilling Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Interest Expense	Get a 7-Day Free Trial															-8.38	-8.70	-9.54	-8.76	-8.58

Trinidad Drilling 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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-35.6 Mil.

Trinidad Drilling (TSX:TDG) 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.

Trinidad Drilling's Interest Expense for the three months ended in Sep. 2018 was C$-8.6 Mil. Its Operating Income for the three months ended in Sep. 2018 was C$-11.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2018 was C$496.1 Mil.

Trinidad Drilling's Interest Coverage for the quarter that ended in Sep. 2018 is calculated as

Trinidad Drilling did not have earnings to cover the interest expense.

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

Trinidad Drilling (TSX:TDG) Business Description

Industry

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Address

Website

http://www.trinidaddrilling.com

Trinidad Drilling Ltd is a Canadian company which is engaged in providing drilling services to the oil and natural gas industry. The company's operating segments are Canadian operations which include land drilling services; US and international operations which include land and barge drilling services located in both the US and international markets, excluding all joint venture operations; Joint venture operations which include all international joint venture operations; and Manufacturing operations include manufacturing work performed in each of the Canadian and US manufacturing divisions. The majority of the company's revenue comes from oilfield services.