Permex Petroleum (XCNQ:OIL) Interest Expense : C$-0.01 Mil (TTM As of Jun. 2023)

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What is Permex Petroleum Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Permex Petroleum's interest expense for the three months ended in Jun. 2023 was C$ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was C$-0.01 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. Permex Petroleum's Operating Income for the three months ended in Jun. 2023 was C$ -1.21 Mil. Permex Petroleum's Interest Expense for the three months ended in Jun. 2023 was C$ -0.00 Mil. Permex Petroleum 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.

Permex Petroleum Interest Expense Historical Data

The historical data trend for Permex Petroleum'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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Permex Petroleum Interest Expense Chart

Permex Petroleum Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Interest Expense

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-0.07

-0.04

-0.02

-0.04

Permex Petroleum Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Permex Petroleum 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.01 Mil.

Permex Petroleum (XCNQ:OIL) 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.

Permex Petroleum's Interest Expense for the three months ended in Jun. 2023 was C$-0.00 Mil. Its Operating Income for the three months ended in Jun. 2023 was C$-1.21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was C$0.13 Mil.

Permex Petroleum's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Permex Petroleum did not have earnings to cover the interest expense.

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

Permex Petroleum (XCNQ:OIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permex Petroleum Corp (XCNQ:OIL) » Definitions » Interest Expense

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Traded in Other Exchanges

OILCF:USA 75P:Germany

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.permexpetroleum.com

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum US Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.

Executives

Mehran Ehsan

Director, Senior Officer