VCYE (Velocity Energy) Interest Expense: $-2.56 Mil (TTM As of Jun. 2009)

What is Velocity Energy Interest Expense?

Velocity Energy VCYE Interest Expense is $-2.56 Mil as of Jun. 2009.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Velocity Energy's interest expense for the three months ended in Jun. 2009 was $ -1.23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2009 was $-2.56 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. Velocity Energy's Operating Income for the three months ended in Jun. 2009 was $ -0.91 Mil. Velocity Energy's Interest Expense for the three months ended in Jun. 2009 was $ -1.23 Mil. Velocity 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.

Velocity Energy (OTCPK:VCYE) 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.

Velocity Energy's Interest Expense for the three months ended in Jun. 2009 was $-1.23 Mil. Its Operating Income for the three months ended in Jun. 2009 was $-0.91 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2009 was $0.00 Mil.

Velocity Energy's Interest Coverage for the quarter that ended in Jun. 2009 is calculated as

Velocity 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.

Velocity Energy Interest Expense Historical Data

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

Velocity Energy Interest Expense Chart

Velocity Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Interest Expense

0.00

-0.92

Velocity Energy Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Interest Expense	Get a 7-Day Free Trial										0.00	0.00	0.00	-1.33	-1.23

Velocity 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 Jun. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.56 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of $-2.56 Mil mean?

Velocity Energy (VCYE) has a Interest Expense of $-2.56 Mil as of Jun. 2009. Interest Expense is the amount a company pays on its long-term debt. View historical data on Velocity Energy and its competitors.

Is Velocity Energy's Interest Expense too high?

Velocity Energy's current Interest Expense is $-2.56 Mil.

How does Velocity Energy's Interest Expense compare to TGC and EVEPQ?

Velocity Energy's Interest Expense of $-2.56 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 Velocity Energy and its competitors. Velocity Energy's current Interest Expense is $-2.56 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Velocity Energy stock overvalued right now?

Velocity Energy (VCYE) has a current Interest Expense of $-2.56 Mil. The current Interest Expense is $-2.56 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 Velocity Energy (VCYE), the current Interest Expense is $-2.56 Mil as of Jun. 2009. 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.

Velocity Energy Business Description

Industry Energy Oil & Gas

Comparable Companies ASX:SGC ASX:QEM LSE:LOGP TSX:PPR TSX:DXI TSXV:SNV TSX:CQE TGC EVEPQ TSXV:SOU BBLS GULTU ROYL TSXV:BEY TSXV:CZR TSXV:VRY LSE:ANGS GBR TSX:PRQ TSXV:PEH

Address 523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060

Website http://www.velocity-energy.com

Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.