Eurasia Drilling Co (LSE:EDCL) Interest Expense : $-24 Mil (TTM As of Jun. 2015)

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What is Eurasia Drilling Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Eurasia Drilling Co's interest expense for the six months ended in Jun. 2015 was $ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2015 was $-24 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. Eurasia Drilling Co's Operating Income for the six months ended in Jun. 2015 was $ 128 Mil. Eurasia Drilling Co's Interest Expense for the six months ended in Jun. 2015 was $ -19 Mil. Eurasia Drilling Co's Interest Coverage for the quarter that ended in Jun. 2015 was 6.82. 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.

Eurasia Drilling Co Interest Expense Historical Data

The historical data trend for Eurasia Drilling 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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Eurasia Drilling Co Interest Expense Chart

Eurasia Drilling Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Interest Expense

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-15.13

-52.34

-53.66

-58.25

-33.27

Eurasia Drilling Co Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Interest Expense	Get a 7-Day Free Trial								-31.25	-27.00	-27.71	-5.56	-18.81

Eurasia Drilling Co 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 Jun. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-24 Mil.

Eurasia Drilling Co (LSE:EDCL) 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.

Eurasia Drilling Co's Interest Expense for the six months ended in Jun. 2015 was $-19 Mil. Its Operating Income for the six months ended in Jun. 2015 was $128 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2015 was $803 Mil.

Eurasia Drilling Co's Interest Coverage for the quarter that ended in Jun. 2015 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2015 )	/	Interest Expense (Q: Jun. 2015 )
	=	-1	*	128.212	/	-18.808
	=	6.82

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

Eurasia Drilling Co (LSE:EDCL) Business Description

Industry

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Address

Website

http://www.eurasiadrilling.com

Eurasia Drilling Co Ltd was incorporated on November 25, 2002 under the Law of the Cayman Islands. The Company is engaged in providing exploratory and developmental drilling and oil and gas field services to companies operating within the Russian Federation, Kazakhstan, Iraq and the Caspian Sea region. The Company operates in two operating and geographical segments: onshore drilling conducted in the CIS and off-shore drilling conducted in the Caspian Sea.

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