Xstate Resources (Xstate Resources) Interest Expense : $-0.22 Mil (TTM As of Dec. 2023)

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What is Xstate Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Xstate Resources's interest expense for the six months ended in Dec. 2023 was $ -0.11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.22 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. Xstate Resources's Operating Income for the six months ended in Dec. 2023 was $ -0.05 Mil. Xstate Resources's Interest Expense for the six months ended in Dec. 2023 was $ -0.11 Mil. Xstate Resources 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.

Xstate Resources Interest Expense Historical Data

The historical data trend for Xstate Resources'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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Xstate Resources Interest Expense Chart

Xstate Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.02

-0.34

-0.50

-0.22

Xstate Resources 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															-0.34	-0.20	-0.31	-0.11	-0.11

Xstate Resources 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 $-0.22 Mil.

Xstate Resources (OTCPK:XSTLF) 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.

Xstate Resources's Interest Expense for the six months ended in Dec. 2023 was $-0.11 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-0.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $0.00 Mil.

Xstate Resources's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Xstate Resources did not have earnings to cover the interest expense.

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

Xstate Resources (Xstate Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Xstate Resources Ltd (OTCPK:XSTLF) » Definitions » Interest Expense

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XST:Australia

Address

Level 1, 31 Cliff Street, Fremantle, WA, AUS, 6160

Website

https://www.xstateresources.com.au

Xstate Resources Ltd is engaged in oil and gas exploration. The Group currently operates in three operating segments: (i) Oil & gas exploration activities on-shore the United States of America, (ii) Oil & gas exploration activities on-shore Austria, and (iii) Oil & gas production activities on-shore Canada. It holds various working interests in a small number of producing gas wells and, more importantly, associated land leases and production and pipeline access equipment in the Sacramento Basin, California.

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