Oracle Energy (TSXV:OEC.H) Interest Expense : C$-0.02 Mil (TTM As of Dec. 2023)

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What is Oracle Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oracle Energy's interest expense for the three months ended in Dec. 2023 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.02 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. Oracle Energy's Operating Income for the three months ended in Dec. 2023 was C$ -0.08 Mil. Oracle Energy's Interest Expense for the three months ended in Dec. 2023 was C$ -0.01 Mil. Oracle Energy 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.

Oracle Energy Interest Expense Historical Data

The historical data trend for Oracle 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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Oracle Energy Interest Expense Chart

Oracle Energy Annual Data

Trend

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Interest Expense

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-0.02

-0.01

Oracle Energy 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															-	-	-	-	-0.01

Oracle 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.02 Mil.

Oracle Energy (TSXV:OEC.H) 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.

Oracle Energy's Interest Expense for the three months ended in Dec. 2023 was C$-0.01 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.04 Mil.

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

Oracle Energy did not have earnings to cover the interest expense.

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

Oracle Energy (TSXV:OEC.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oracle Energy Corp (TSXV:OEC.H) » Definitions » Interest Expense

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Address

1040 West Georgia Street, Suite 1400, Vancouver, BC, CAN, V6E 4H1

Website

https://www.oracleenergy.com

Oracle Energy Corp is a junior oil and gas development company. It is engaged in acquiring, exploring, and evaluating oil and gas properties and developing these properties further or disposing of them when the evaluation is completed. The company operates in one business segment Oil and gas exploration.

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