Source Rock Royalties (TSXV:SRR) Interest Expense : C$0.00 Mil (TTM As of Dec. 2023)

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What is Source Rock Royalties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Source Rock Royalties's interest expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$0.00 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. Source Rock Royalties's Operating Income for the three months ended in Dec. 2023 was C$ 0.47 Mil. Source Rock Royalties's Interest Expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. Source Rock Royalties has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Source Rock Royalties Interest Expense Historical Data

The historical data trend for Source Rock 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.

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Source Rock Royalties Interest Expense Chart

Source Rock Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

Source Rock Royalties Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial								-	-	-	-	-

Source Rock 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Source Rock Royalties (TSXV:SRR) 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.

Source Rock Royalties's Interest Expense for the three months ended in Dec. 2023 was C$0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$0.47 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.00 Mil.

Source Rock Royalties's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Source Rock Royalties had no long-term debt ⁽¹⁾.

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

Good Sign:

Source Rock Royalties Ltd has no debt.

Source Rock Royalties (TSXV:SRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Rock Royalties Ltd (TSXV:SRR) » Definitions » Interest Expense

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SRRRF:USA

Address

421 - 7th Avenue S.W, 30th Floor, Calgary, AB, CAN, T2P 4K9

Website

https://www.sourcerockroyalties.com

Source Rock Royalties Ltd is a pure-play oil and gas royalty company with an existing, light oil-focused portfolio of royalty interests concentrated in southeast Saskatchewan, east-central Alberta, west-central Alberta, and west-central Saskatchewan.

Executives

Bradley Robert Docherty	Director, Senior Officer
Shaun Ashton Thiessen	Director

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