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Wellstar Energy (Wellstar Energy) Interest Expense : $-0.09 Mil (TTM As of Oct. 2016)


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What is Wellstar Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wellstar Energy's interest expense for the three months ended in Oct. 2016 was $ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2016 was $-0.09 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. Wellstar Energy's Operating Income for the three months ended in Oct. 2016 was $ -0.08 Mil. Wellstar Energy's Interest Expense for the three months ended in Oct. 2016 was $ -0.03 Mil. Wellstar 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.


Wellstar Energy Interest Expense Historical Data

The historical data trend for Wellstar 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.

* Premium members only.

Wellstar Energy Interest Expense Chart

Wellstar Energy Annual Data
Trend Jan07 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 -0.01 -0.03 -0.06 -0.12

Wellstar Energy Quarterly Data
Jan12 Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.03 0.02 -0.04 -0.03 -0.03

Wellstar 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 Oct. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.09 Mil.

* 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.


Wellstar Energy  (GREY:WSEYF) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Wellstar Energy's Interest Expense for the three months ended in Oct. 2016 was $-0.03 Mil. Its Operating Income for the three months ended in Oct. 2016 was $-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2016 was $1.07 Mil.

Wellstar Energy's Interest Coverage for the quarter that ended in Oct. 2016 is calculated as

Wellstar 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.


Wellstar Energy (Wellstar Energy) Business Description

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Wellstar Energy Corp was incorporated under the laws of the Province of British Columbia on August 26, 1985, and has continued as a company under the Business Corporations Act of British Columbia. The Company is engaged in the exploration and evaluation of oil and gas and mineral properties in the USA and Canada.

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