Strike Energy (ASX:STX) Interest Expense : A$-13.23 Mil (TTM As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Strike Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Strike Energy's interest expense for the six months ended in Dec. 2023 was A$ -8.68 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-13.23 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. Strike Energy's Operating Income for the six months ended in Dec. 2023 was A$ -2.15 Mil. Strike Energy's Interest Expense for the six months ended in Dec. 2023 was A$ -8.68 Mil. Strike Energy 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.

Strike Energy Interest Expense Historical Data

The historical data trend for Strike Energy'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.

Strike Energy Interest Expense Chart

Strike Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

Get a 7-Day Free Trial

-0.49

-0.08

-2.14

-4.07

-7.11

Strike Energy 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															-1.92	-2.15	-2.57	-4.54	-8.68

Strike Energy 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$-13.23 Mil.

Strike Energy (ASX:STX) 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.

Strike Energy's Interest Expense for the six months ended in Dec. 2023 was A$-8.68 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-2.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$14.27 Mil.

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

Strike Energy did not have earnings to cover the interest expense.

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

Strike Energy (ASX:STX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strike Energy Ltd (ASX:STX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

STKKF:USA RJN:Germany

Address

40 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.strikeenergy.com.au

Strike is operator across all 3,000 square kilometers of its Perth Basin acreage and has grown its net gas reserve and resource position to become the largest in the basin at 1,022 PJ. It has also achieved first production from its Walyering gas field. Walyering's intended 33 terajoules/d of gross production will generate material cash flows albeit to short five years life. The cash will regardless be useful for the undertaking additional projects with Strike targeting up to four gas fields being online by the end of 2026. In addition to Walyering, these include South Erregulla, West Erregulla and Ocean Hill. The more ambitious Project Haber, Strike's proposed multibillion dollar 1.4 million metric tons per year urea manufacturing facility, is now on the backburner.