3R Petroleum Oleo E Gas (BSP:RRRP3) Interest Expense : R$-918 Mil (TTM As of Mar. 2024)

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What is 3R Petroleum Oleo E Gas Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. 3R Petroleum Oleo E Gas's interest expense for the three months ended in Mar. 2024 was R$ -263 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-918 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. 3R Petroleum Oleo E Gas's Operating Income for the three months ended in Mar. 2024 was R$ 477 Mil. 3R Petroleum Oleo E Gas's Interest Expense for the three months ended in Mar. 2024 was R$ -263 Mil. 3R Petroleum Oleo E Gas's Interest Coverage for the quarter that ended in Mar. 2024 was 1.81. 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.

3R Petroleum Oleo E Gas Interest Expense Historical Data

The historical data trend for 3R Petroleum Oleo E Gas'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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3R Petroleum Oleo E Gas Interest Expense Chart

3R Petroleum Oleo E Gas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.03

-61.91

-200.50

-50.58

-697.18

3R Petroleum Oleo E Gas Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-42.49	-103.55	-274.81	-276.33	-262.91

3R Petroleum Oleo E Gas 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-918 Mil.

3R Petroleum Oleo E Gas (BSP:RRRP3) 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.

3R Petroleum Oleo E Gas's Interest Expense for the three months ended in Mar. 2024 was R$-263 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$477 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$9,367 Mil.

3R Petroleum Oleo E Gas's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	476.641	/	-262.909
	=	1.81

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

3R Petroleum Oleo E Gas (BSP:RRRP3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 3R Petroleum Oleo E Gas SA (BSP:RRRP3) » Definitions » Interest Expense

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Address

Rua Visconde de Ouro Preto, number 5, Sala 601, Botafogo, Rio de Janeiro, RJ, BRA

Website

https://ri.3rpetroleum.com.br

3R Petroleum Oleo E Gas SA is engaged in the oil and gas sector with a focus on redevelopment of mature production fields located on land. Its purpose is to explore, produce, and sell oil and its derivatives, natural gas, and other fluid hydrocarbons.

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