Reconnaissance Energy Africa (TSXV:RECO) Interest Expense : C$-8.07 Mil (TTM As of Dec. 2023)

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What is Reconnaissance Energy Africa Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Reconnaissance Energy Africa's interest expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-8.07 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. Reconnaissance Energy Africa's Operating Income for the three months ended in Dec. 2023 was C$ -4.70 Mil. Reconnaissance Energy Africa's Interest Expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. Reconnaissance Energy Africa 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.

Reconnaissance Energy Africa Interest Expense Historical Data

The historical data trend for Reconnaissance Energy Africa'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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Reconnaissance Energy Africa Interest Expense Chart

Reconnaissance Energy Africa Annual Data

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Interest Expense

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Reconnaissance Energy Africa Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-3.55	-4.28	-8.07	-	-

Reconnaissance Energy Africa 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$-8.07 Mil.

Reconnaissance Energy Africa (TSXV:RECO) 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.

Reconnaissance Energy Africa's Interest Expense for the three months ended in Dec. 2023 was C$0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-4.70 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.00 Mil.

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

Reconnaissance Energy Africa had no long-term debt ⁽¹⁾.

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

Reconnaissance Energy Africa (TSXV:RECO) Business Description

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RECAF:USA 0XD:Germany

Address

Bentall, PO Box 48326, Vancouver, BC, CAN, V7X 1A1

Website

https://www.reconafrica.com

Reconnaissance Energy Africa Ltd is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia and Botswana. It holds a substantial interest in a petroleum exploration license in northeast Namibia which covers the entire Kavango sedimentary basin. The Company's operating segments are: the exploration and evaluation of its African assets; the oil and gas operations in Mexico; and the corporate segment. The Mexico segment derives its revenues solely from the production and sale of oil and natural gas from one customer.

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