Total Energy Services (TSX:TOT) Interest Expense : C$-17.4 Mil (TTM As of Dec. 2023)

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What is Total Energy Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Total Energy Services's interest expense for the three months ended in Dec. 2023 was C$ -12.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-17.4 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. Total Energy Services's Operating Income for the three months ended in Dec. 2023 was C$ 23.5 Mil. Total Energy Services's Interest Expense for the three months ended in Dec. 2023 was C$ -12.2 Mil. Total Energy Services's Interest Coverage for the quarter that ended in Dec. 2023 was 1.92. 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.

Total Energy Services Interest Expense Historical Data

The historical data trend for Total Energy Services'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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Total Energy Services Interest Expense Chart

Total Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-13.09

-10.19

-6.79

-7.22

-17.43

Total Energy Services 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															-1.94	-1.70	-1.80	-1.69	-12.24

Total Energy Services 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$-17.4 Mil.

Total Energy Services (TSX:TOT) 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.

Total Energy Services's Interest Expense for the three months ended in Dec. 2023 was C$-12.2 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$23.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$100.8 Mil.

Total Energy Services'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	*	23.51	/	-12.235
	=	1.92

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

Total Energy Services (TSX:TOT) Business Description

Industry

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TOTZF:USA 5O7:Germany

Address

734 - 7th Avenue S.W., Suite 1000, Calgary, AB, CAN, T2P 3P8

Website

https://www.totalenergy.ca

Total Energy Services Inc is an energy services company. The operating segments of the company are Contract Drilling Services, Rentals & Transportation Services, Compression & Process Service, Well servicing, and Corporate. The majority of revenue is from the Compression & Process Service segment, which includes the Company fabricates a full range of natural gas compression equipment as well as oil, natural gas and other process equipment The company's operations are conducted in Canada, the United States of America, and Australia, out of which the majority are from Canada.

Executives

George K. Chow

Director

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