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Empire Energy Group (ASX:EEG) Interest Expense : A$-3.64 Mil (TTM As of Dec. 2023)


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What is Empire Energy Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Empire Energy Group's interest expense for the six months ended in Dec. 2023 was A$ -1.81 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.64 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. Empire Energy Group's Operating Income for the six months ended in Dec. 2023 was A$ -12.18 Mil. Empire Energy Group's Interest Expense for the six months ended in Dec. 2023 was A$ -1.81 Mil. Empire Energy Group 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.

Empire Energy Group Interest Expense Historical Data

The historical data trend for Empire Energy Group'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.

* Premium members only.

Empire Energy Group Interest Expense Chart

Empire Energy Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.58 -2.17 -1.99 -2.28 -3.64

Empire Energy Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.71 -0.78 -1.50 -1.83 -1.81

Empire Energy Group 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 A$-3.64 Mil.

* 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.

Empire Energy Group  (ASX:EEG) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Empire Energy Group's Interest Expense for the six months ended in Dec. 2023 was A$-1.81 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-12.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.37 Mil.

Empire Energy Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Empire Energy Group did not have earnings to cover the interest expense.

* 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.

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

Empire Energy Group (ASX:EEG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Empire Energy Group Ltd (ASX:EEG) » Definitions » Interest Expense
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Traded in Other Exchanges
EEGUF:USA
Address
6-10 O'Connell Street, Level 5, Sydney, NSW, AUS, 2000
Website
https://empireenergygroup.net
Empire Energy Group Ltd is an oil and gas exploration and production company focused on onshore long-life oil & gas fields, in the USA. The progression of exploration & appraisal work programs in its wholly-owned and operated exploration tenements & applications located in the high petroleum-prospective Northern Territory McArthur Basin (including the Beetaloo Sub-Basin). It sells oil and gas products to owners of domestic pipelines, utilities, and refiners located in Pennsylvania and New York. It operates in three segments- United States Operations, Northern Territory, and corporate. The majority is derived from United States operations segment, which includes all oil and gas operations located in the USA. Revenue is derived from the sale of oil and gas and the operation of wells.

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