Brooge Energy (Brooge Energy) Interest Expense : $-21.2 Mil (TTM As of Jun. 2023)

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What is Brooge Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Brooge Energy's interest expense for the six months ended in Jun. 2023 was $ -10.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-21.2 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. Brooge Energy's Operating Income for the six months ended in Jun. 2023 was $ 39.8 Mil. Brooge Energy's Interest Expense for the six months ended in Jun. 2023 was $ -10.6 Mil. Brooge Energy's Interest Coverage for the quarter that ended in Jun. 2023 was 3.75. 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.

Brooge Energy Interest Expense Historical Data

The historical data trend for Brooge 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.

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Brooge Energy Interest Expense Chart

Brooge Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-6.95

-5.42

-7.51

-6.65

-25.22

Brooge Energy Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial						-5.56	-1.10	-14.58	-10.64	-10.60

Brooge 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-21.2 Mil.

Brooge Energy (NAS:BROG) 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.

Brooge Energy's Interest Expense for the six months ended in Jun. 2023 was $-10.6 Mil. Its Operating Income for the six months ended in Jun. 2023 was $39.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $88.6 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	39.785	/	-10.604
	=	3.75

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Brooge Energy Ltd interest coverage is 3.24, which is low.

Brooge Energy (Brooge Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Brooge Energy Ltd (NAS:BROG) » Definitions » Interest Expense

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Traded in Other Exchanges

3SF:Germany

Address

c/o Brooge Petroleum and Gas Investment Company FZE, P.O. Box 50170, Fujairah, ARE

Website

https://www.broogeenergy.com

Brooge Energy Ltd is an Oil Refinery & Storage Company in the United Arab Emirates. The company generates revenue from the leasing of storage capacity of tanks and other ancillary services.