Hemisphere Energy (TSXV:HME) Interest Expense : C$-0.75 Mil (TTM As of Dec. 2024)

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What is Hemisphere Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hemisphere Energy's interest expense for the three months ended in Dec. 2024 was C$ -0.20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was C$-0.75 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. Hemisphere Energy's Operating Income for the three months ended in Dec. 2024 was C$ 9.58 Mil. Hemisphere Energy's Interest Expense for the three months ended in Dec. 2024 was C$ -0.20 Mil. Hemisphere Energy's Interest Coverage for the quarter that ended in Dec. 2024 was 47.91. 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.

Hemisphere Energy Interest Expense Historical Data

The historical data trend for Hemisphere 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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Hemisphere Energy Interest Expense Chart

Hemisphere Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-3.04

-1.75

-0.93

-0.73

-0.75

Hemisphere Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-0.23	-0.19	-0.16	-0.20	-0.20

Hemisphere 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.75 Mil.

Hemisphere Energy (TSXV:HME) 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.

Hemisphere Energy's Interest Expense for the three months ended in Dec. 2024 was C$-0.20 Mil. Its Operating Income for the three months ended in Dec. 2024 was C$9.58 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was C$2.97 Mil.

Hemisphere Energy's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	9.581	/	-0.2
	=	47.91

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Hemisphere Energy Corp has enough cash to cover all of its debt. Its financial situation is stable.

Hemisphere Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hemisphere Energy Corp (TSXV:HME) » Definitions » Interest Expense

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HMENF:USA N4Q1:Germany

Address

905 West Pender Street, Suite 501, Vancouver, BC, CAN, V6C 1L6

Website

https://www.hemisphereenergy.ca

Hemisphere Energy Corp is a Canadian oil company focused on the sustainable growth of its high netback, low decline conventional heavy oil assets through water and polymer flood-enhanced recovery methods. It specializes in the development of conventional oil pools using enhanced oil recoveries methods such as waterflood and polymer flood to maximize production and oil recovery. The company's oil assets are in the Manville oil play in the Atlee Buffalo and Jenner areas of southeastern Alberta.

Executives

Andrew John Arthur	Senior Officer
Gregg Kingsley Vernon	Director
Ashley Ramsden-wood	Senior Officer
Frank Stephen Borowicz	Director
Charles Noel O'sullivan	Director, Senior Officer
Don Simmons	Senior Officer
L.p. Cibolo Energy Partners I	10% Security Holder
Ian Duncan	Senior Officer