Ghana Oil Co (XGHA:GOIL) Interest Expense : GHS-96 Mil (TTM As of Dec. 2023)

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What is Ghana Oil Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ghana Oil Co's interest expense for the six months ended in Dec. 2023 was GHS -96 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was GHS-96 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. Ghana Oil Co's Operating Income for the six months ended in Dec. 2023 was GHS 126 Mil. Ghana Oil Co's Interest Expense for the six months ended in Dec. 2023 was GHS -96 Mil. Ghana Oil Co's Interest Coverage for the quarter that ended in Dec. 2023 was 1.31. 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.

Ghana Oil Co Interest Expense Historical Data

The historical data trend for Ghana Oil Co'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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Ghana Oil Co Interest Expense Chart

Ghana Oil Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-15.33

-34.91

-27.00

-40.04

-96.09

Ghana Oil Co Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Interest Expense	Get a 7-Day Free Trial										-15.33	-34.91	-27.00	-40.04	-96.09

Ghana Oil Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 was GHS-96 Mil.

Ghana Oil Co (XGHA:GOIL) 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.

Ghana Oil Co's Interest Expense for the six months ended in Dec. 2023 was GHS-96 Mil. Its Operating Income for the six months ended in Dec. 2023 was GHS126 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was GHS66 Mil.

Ghana Oil Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	126.328	/	-96.094
	=	1.31

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

Ghana Oil Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ghana Oil Co Ltd (XGHA:GOIL) » Definitions » Interest Expense

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Address

Junction of Kojo Thompson and Adjaben Roads, Building No. D 659/4, P.O. Box GP 3183, Adabraka, Accra, GHA

Website

https://www.goil.com.gh

Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum products and related products particularly fuels, liquefied petroleum gas (LPG), lubricants, bitumen, and specialty products in Ghana. The company is engaged in the business of marketing quality petroleum and other energy products and services in all its branches in a healthy, safe, environmentally friendly and socially responsible manner.

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