Western Energy Services (TSX:WRG) Interest Expense : C$-11.0 Mil (TTM As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Western Energy Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Western Energy Services's interest expense for the three months ended in Mar. 2024 was C$ -2.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-11.0 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. Western Energy Services's Operating Income for the three months ended in Mar. 2024 was C$ 4.3 Mil. Western Energy Services's Interest Expense for the three months ended in Mar. 2024 was C$ -2.6 Mil. Western Energy Services's Interest Coverage for the quarter that ended in Mar. 2024 was 1.61. 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.

Western Energy Services Interest Expense Historical Data

The historical data trend for Western 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.

* Premium members only.

Western Energy Services Interest Expense Chart

Western Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-18.25

-17.62

-19.48

-14.33

-11.45

Western Energy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-3.04	-2.90	-2.81	-2.70	-2.65

Western 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-11.0 Mil.

Western Energy Services (TSX:WRG) 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.

Western Energy Services's Interest Expense for the three months ended in Mar. 2024 was C$-2.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$4.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$111.1 Mil.

Western Energy Services's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	4.259	/	-2.648
	=	1.61

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

Western Energy Services (TSX:WRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Western Energy Services Corp (TSX:WRG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

WEEEF:USA

Address

215 - 9th Avenue SW, Suite 1700, Calgary, AB, CAN, T2P 1K3

Website

https://www.wesc.ca

Western Energy Services Corp operates as an oilfield service industry in Canada and the United States of America. The company functions its drilling services through two segments namely, Contract drilling and Production services. Its contract drilling segment is involved in drilling rigs with ancillary equipment as well as provides such services to crude oil and natural gas exploration and production companies. The production service segment includes well servicing rigs and related equipment, and oilfield rental equipment. It generates revenue mainly through its Contract drilling operation segment.

Executives

Sime Armoyan	10% Security Holder
Tomer Cohen	Director

Western Energy Services (TSX:WRG) Headlines

No Headlines