Enservco (Enservco) Interest Expense : $-2.11 Mil (TTM As of Mar. 2024)

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What is Enservco Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Enservco's interest expense for the three months ended in Mar. 2024 was $ -0.58 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.11 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. Enservco's Operating Income for the three months ended in Mar. 2024 was $ 1.26 Mil. Enservco's Interest Expense for the three months ended in Mar. 2024 was $ -0.58 Mil. Enservco's Interest Coverage for the quarter that ended in Mar. 2024 was 2.18. 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.

Enservco Interest Expense Historical Data

The historical data trend for Enservco'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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Enservco Interest Expense Chart

Enservco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.81

-1.70

-0.06

-1.38

-2.12

Enservco Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.59	-0.52	-0.48	-0.54	-0.58

Enservco 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 $-2.11 Mil.

Enservco (AMEX:ENSV) 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.

Enservco's Interest Expense for the three months ended in Mar. 2024 was $-0.58 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1.26 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1.52 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1.262	/	-0.578
	=	2.18

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

Enservco (Enservco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enservco Corp (AMEX:ENSV) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

A3O0:Germany

Address

14133 County Road 9 1/2, Longmont, CO, USA, 80504

Website

http://www.enservco.com

Enservco Corp operates in the oil and gas industry. It offers well enhancement and fluid management services to the domestic onshore oil and natural gas industry. The services include frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services. The company's reportable business segments are Production Services and Completion and Other Services. It operates in geographically diverse regions of the United States.

Executives

Steve A Weyel	director	1021 MAIN, SUITE 2626, HOUSTON TX 77002
Kevin Chesser	director	14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Mark Patterson	officer: Chief Financial Officer	14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Donovan Kelly	officer: Principal Accounting Officer	14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Marjorie Anne Hargrave	officer: Chief Financial Officer	999 18TH STREET, SUITE 1925N, DENVER CO 80202
Ian Dickinson	director, officer: President and CEO	501 SOUTH CHERRY STREET, SUITE 1000, DENVER CO 80246
William A Jolly	director	163 PINEWOOD TRAIL, TRUMBULL CT 06611
Kevin Kersting	officer: Chief Operating Officer	501 SOUTH CHERRY STREET, SUITE 1000, DENVER CO 80246
Dustin Riley Bradford	officer: Chief Accounting Officer	1837 S WASHINGTON ST, DENVER CO 80210
Cross River Capital Management Llc	10 percent owner	31 BAILEY AVENUE, UNIT D, RIDGEFIELD CT 06877
Tucker L Franciscus	officer: Chief Financial Officer	C/O PYR ENERGY CORP, 1675 BROADWAY - SUITE 2450, DENVER CO 80202
Austin Peitz	officer: V-P Field Operations	501 S. CHERRY STREET, SUITE 320, DENVER CO 80246
Christopher D. Haymons	director	210 UNIVERSITY BOULEVARD, SUITE 650, DENVER CO 80206
Rick D Kasch	officer: President & CFO	830 TENDERFOOT HILL ROAD, P.O. BOX 60460, COLORADO SPRINGS CO 80960
Steven P Oppenheim	director