HNR Acquisition (HNR Acquisition) Interest Expense : $-3.72 Mil (TTM As of Mar. 2024)

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What is HNR Acquisition Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. HNR Acquisition's interest expense for the three months ended in Mar. 2024 was $ -2.67 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-3.72 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. HNR Acquisition's Operating Income for the three months ended in Mar. 2024 was $ -1.09 Mil. HNR Acquisition's Interest Expense for the three months ended in Mar. 2024 was $ -2.67 Mil. HNR Acquisition 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.

HNR Acquisition Interest Expense Historical Data

The historical data trend for HNR Acquisition'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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HNR Acquisition Interest Expense Chart

HNR Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1.08

HNR Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-0.32	-0.38	-0.66	-	-2.67

HNR Acquisition 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 $-3.72 Mil.

HNR Acquisition (AMEX:HNRA) 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.

HNR Acquisition's Interest Expense for the three months ended in Mar. 2024 was $-2.67 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-1.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $31.39 Mil.

HNR Acquisition's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

HNR Acquisition did not have earnings to cover the interest expense.

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

HNR Acquisition (HNR Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » HNR Acquisition Corp (AMEX:HNRA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

3730 Kirby Drive, Suite 1200, Houston, TX, USA, 77098

Website

https://www.hnra-nyse.com

HNR Acquisition Corp is a blank check company.

Executives

Donald Goree	director, officer: Chief Executive Officer	101 NE 3RD AVENUE, SUITE 1220, FORT LAUDERDALE FL 33301
Salvucci Joseph V Jr	director	583 EPSILON DRIVE, PITTSBURGH PA 15238
Salvucci Joseph V Sr	director	583 EPSILON DRIVE, PITTSBURGH PA 15238
Donald W Orr	director, officer: President	3730 KIRBY DRIVE, SUITE 1200, HOUSTON TX 77098