Etablissements Maurel & Prom (XPAR:MAU) Interest Expense : €-21.2 Mil (TTM As of Dec. 2023)

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What is Etablissements Maurel & Prom Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Etablissements Maurel & Prom's interest expense for the six months ended in Dec. 2023 was € -10.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-21.2 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. Etablissements Maurel & Prom's Operating Income for the six months ended in Dec. 2023 was € 88.9 Mil. Etablissements Maurel & Prom's Interest Expense for the six months ended in Dec. 2023 was € -10.8 Mil. Etablissements Maurel & Prom's Interest Coverage for the quarter that ended in Dec. 2023 was 8.22. 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.

Etablissements Maurel & Prom Interest Expense Historical Data

The historical data trend for Etablissements Maurel & Prom'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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Etablissements Maurel & Prom Interest Expense Chart

Etablissements Maurel & Prom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-27.26

-12.99

-12.61

-17.91

-21.10

Etablissements Maurel & Prom Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-6.18	-9.08	-8.84	-10.35	-10.82

Etablissements Maurel & Prom 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 semi-annually data reported by the company within the most recent 12 months, which was €-21.2 Mil.

Etablissements Maurel & Prom (XPAR:MAU) 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.

Etablissements Maurel & Prom's Interest Expense for the six months ended in Dec. 2023 was €-10.8 Mil. Its Operating Income for the six months ended in Dec. 2023 was €88.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €149.3 Mil.

Etablissements Maurel & Prom'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	*	88.893	/	-10.82
	=	8.22

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

Etablissements Maurel & Prom (XPAR:MAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Etablissements Maurel & Prom (XPAR:MAU) » Definitions » Interest Expense

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ETX:Germany

Address

51, rue d'Anjou, Paris, FRA, 75008

Website

http://www.maureletprom.fr

Etablissements Maurel & Prom is a part of the oil & gas industry in France. It specializes in the extraction and production of hydrocarbons. Its activities are split into three segments, namely Exploration, Production, and Drilling. The production of hydrocarbons being its primary activity generates the bulk of the company's revenues. The Production segment focuses on the production of hydrocarbons in Gabon (oil) and Tanzania. The Drilling segment is known for its ownership of a fleet of drilling rigs. The company's revenue is generated through its activities in Africa.

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