Sitio Royalties (FRA:SB9) Interest Expense : €-83.0 Mil (TTM As of Mar. 2024)

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What is Sitio Royalties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sitio Royalties's interest expense for the three months ended in Mar. 2024 was € -17.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-83.0 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. Sitio Royalties's Operating Income for the three months ended in Mar. 2024 was € 57.1 Mil. Sitio Royalties's Interest Expense for the three months ended in Mar. 2024 was € -17.0 Mil. Sitio Royalties's Interest Coverage for the quarter that ended in Mar. 2024 was 3.35. 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.

Sitio Royalties Interest Expense Historical Data

The historical data trend for Sitio Royalties'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.

Sitio Royalties Interest Expense Chart

Sitio Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-1.62

-1.68

-33.51

-85.66

Sitio Royalties Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial								-20.74	-21.38	-24.71	-19.88	-17.03

Sitio Royalties 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 €-83.0 Mil.

Sitio Royalties (FRA:SB9) 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.

Sitio Royalties's Interest Expense for the three months ended in Mar. 2024 was €-17.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was €57.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €785.6 Mil.

Sitio Royalties'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	*	57.097	/	-17.029
	=	3.35

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

Sitio Royalties (FRA:SB9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sitio Royalties Corp (FRA:SB9) » Definitions » Interest Expense

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Traded in Other Exchanges

STR:USA

Address

1401 Lawrence Street, Suite 1750, Denver, CO, USA, 80202

Website

https://www.sitio.com

Sitio Royalties Corp is a pure-play mineral and royalty company. The group focuses on investing in mineral and royalty interests in the Permian and other productive U.S. oil basins.

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