Trillion Energy International (XCNQ:TCF) Interest Expense : C$-2.83 Mil (TTM As of Dec. 2023)

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What is Trillion Energy International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Trillion Energy International's interest expense for the three months ended in Dec. 2023 was C$ -0.97 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-2.83 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. Trillion Energy International's Operating Income for the three months ended in Dec. 2023 was C$ -3.73 Mil. Trillion Energy International's Interest Expense for the three months ended in Dec. 2023 was C$ -0.97 Mil. Trillion Energy International 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.

Trillion Energy International Interest Expense Historical Data

The historical data trend for Trillion Energy International'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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Trillion Energy International Interest Expense Chart

Trillion Energy International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.07

-0.15

-0.39

-0.11

-3.02

Trillion Energy International Quarterly Data
	Sep17	Dec17	Mar18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-	-0.11	-0.75	-1.00	-0.97

Trillion Energy International 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$-2.83 Mil.

Trillion Energy International (XCNQ:TCF) 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.

Trillion Energy International's Interest Expense for the three months ended in Dec. 2023 was C$-0.97 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-3.73 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$13.72 Mil.

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

Trillion Energy International did not have earnings to cover the interest expense.

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

Trillion Energy International (XCNQ:TCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trillion Energy International Inc (XCNQ:TCF) » Definitions » Interest Expense

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Traded in Other Exchanges

TRLEF:USA Z620:Germany

Address

838 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.trillionenergy.com

Trillion Energy International Inc is an oil and gas-producing company with multiple assets throughout Turkey and Bulgaria. The company is 49% owner of the SASB natural gas field, one of the Black Sea's first natural gas development projects; a 19.6% (except three wells with 9.8%) ownership interest in the Cendere oil field; and Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property. The company has three operating segments; North America, Turkey, and Bulgaria. It derives a majority of its revenue from Turkey.

Executives

Sean Stofer

Director