Strathcona Resources (TSX:SCR) Interest Expense : C$-292 Mil (TTM As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Strathcona Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Strathcona Resources's interest expense for the three months ended in Mar. 2024 was C$ -64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-292 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. Strathcona Resources's Operating Income for the three months ended in Mar. 2024 was C$ 269 Mil. Strathcona Resources's Interest Expense for the three months ended in Mar. 2024 was C$ -64 Mil. Strathcona Resources's Interest Coverage for the quarter that ended in Mar. 2024 was 4.23. 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.

Strathcona Resources Interest Expense Historical Data

The historical data trend for Strathcona Resources'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.

Strathcona Resources Interest Expense Chart

Strathcona Resources Annual Data

Trend

Dec22

Dec23

Interest Expense

-120.80

-239.80

Strathcona Resources Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial			-102.03	-61.50	-6.66	-221.88	-63.70

Strathcona Resources 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 C$-292 Mil.

Strathcona Resources (TSX:SCR) 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.

Strathcona Resources's Interest Expense for the three months ended in Mar. 2024 was C$-64 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$269 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$2,995 Mil.

Strathcona Resources'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	*	269.4	/	-63.7
	=	4.23

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

Strathcona Resources (TSX:SCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strathcona Resources Ltd (TSX:SCR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

STHRF:USA YE2:Germany

Address

421 7th Avenue South west, 1900, Calgary, AB, CAN, T2P4K9

Website

https://www.strathconaresources.com

Strathcona Resources Ltd is an energy company, it is a consolidator and developer of oil and gas assets. The company focuses on thermal oil, enhanced oil recovery, and condensate-rich Montney.