Petrolympic (TSXV:PCQ) Interest Expense : C$0.00 Mil (TTM As of Sep. 2023)

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What is Petrolympic Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Petrolympic's interest expense for the three months ended in Sep. 2023 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was C$0.00 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. Petrolympic's Operating Income for the three months ended in Sep. 2023 was C$ -0.85 Mil. Petrolympic's Interest Expense for the three months ended in Sep. 2023 was C$ 0.00 Mil. Petrolympic has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Petrolympic Interest Expense Historical Data

The historical data trend for Petrolympic'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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Petrolympic Interest Expense Chart

Petrolympic Annual Data

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Interest Expense

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Petrolympic Quarterly Data
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Petrolympic 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Petrolympic (TSXV:PCQ) 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.

Petrolympic's Interest Expense for the three months ended in Sep. 2023 was C$0.00 Mil. Its Operating Income for the three months ended in Sep. 2023 was C$-0.85 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was C$0.00 Mil.

Petrolympic's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Petrolympic had no long-term debt ⁽¹⁾.

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. Petrolympic Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Petrolympic (TSXV:PCQ) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrolympic Ltd (TSXV:PCQ) » Definitions » Interest Expense

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PCQRF:USA

Address

C/o Fogler, Rubinoff LLP, 77 King Street West, Suite 3000, Toronto, ON, CAN, M5K 1G8

Website

https://www.petrolympic.com

Petrolympic Ltd is an exploration company, engaged in the acquisition, exploration, and development of petroleum light crude oil and natural gas properties in North America. The company operates and holds an interest in two business areas which are St. Lawrence Lowlands and Gaspe Peninsula in Canada and Texas in Canada and the Maverick Basin Project in the United States of America. Geographically, it has two segments namely Canada and the USA.

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