TXGE (Texas Gulf Energy) Interest Expense: $-0.06 Mil (TTM As of Sep. 2014)

What is Texas Gulf Energy Interest Expense?

Texas Gulf Energy TXGE Interest Expense is $-0.06 Mil as of Sep. 2014.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Texas Gulf Energy's interest expense for the three months ended in Sep. 2014 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2014 was $-0.06 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. Texas Gulf Energy's Operating Income for the three months ended in Sep. 2014 was $ -0.32 Mil. Texas Gulf Energy's Interest Expense for the three months ended in Sep. 2014 was $ -0.01 Mil. Texas Gulf 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.

Texas Gulf Energy (OTCPK:TXGE) 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.

Texas Gulf Energy's Interest Expense for the three months ended in Sep. 2014 was $-0.01 Mil. Its Operating Income for the three months ended in Sep. 2014 was $-0.32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2014 was $0.00 Mil.

Texas Gulf Energy's Interest Coverage for the quarter that ended in Sep. 2014 is calculated as

Texas Gulf Energy did not have earnings to cover the interest expense.

* 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.

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

Texas Gulf Energy Interest Expense Historical Data

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The historical data trend for Texas Gulf Energy's Interest Expense can be seen below:

Texas Gulf Energy Interest Expense Chart

Texas Gulf Energy Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Interest Expense

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0.00

-0.00

-0.01

-0.19

-0.21

Texas Gulf Energy Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Interest Expense	Get a 7-Day Free Trial															-0.05	-0.03	-0.01	-0.02	-0.01

Texas Gulf 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 Sep. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.06 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of $-0.06 Mil mean?

Texas Gulf Energy (TXGE) has a Interest Expense of $-0.06 Mil as of Sep. 2014. Interest Expense is the amount a company pays on its long-term debt. View historical data on Texas Gulf Energy and its competitors.

Is Texas Gulf Energy's Interest Expense too high?

Texas Gulf Energy's current Interest Expense is $-0.06 Mil.

How does Texas Gulf Energy's Interest Expense compare to BMMCF and ESES?

Texas Gulf Energy's Interest Expense of $-0.06 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Interest Expense for an Oil & Gas company?

A good Interest Expense depends on the Oil & Gas industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Interest Expense mean?

A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Texas Gulf Energy and its competitors. Texas Gulf Energy's current Interest Expense is $-0.06 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Texas Gulf Energy stock overvalued right now?

Texas Gulf Energy (TXGE) has a current Interest Expense of $-0.06 Mil. The current Interest Expense is $-0.06 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Interest Expense calculated?

Interest Expense is calculated from a company's financial statements. For Texas Gulf Energy (TXGE), the current Interest Expense is $-0.06 Mil as of Sep. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Texas Gulf Energy Business Description

Industry Energy Oil & Gas

Comparable Companies BMMCF ESES BRSWQ TSXV:NWE TSXV:HYD FLSS BOM:526614 BSE:COMI TSXV:DAL TSX:BRY TSX:HE SGX:42D BOM:531471 BSE:UZT PKDSQ GLFH ALYE BSP:OSXB3 SGX:5OQ TSXV:ZDC

Address 1602 Old Underwood Road, La Porte, TX, USA, 77571

Website http://www.tgnrg.com

Texas Gulf Energy Inc is active in the oil and gas industry domain. It is engaged in providing construction, maintenance, turnaround management, professional services, project management services, and fabrication and field services. The company offers services to the refining, chemicals, liquefied natural gas, oil and gas, and midstream and upstream industries.