Horizon Oil (ASX:HZN) Interest Expense : A$-5.6 Mil (TTM As of Dec. 2023)

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What is Horizon Oil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Horizon Oil's interest expense for the six months ended in Dec. 2023 was A$ -2.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-5.6 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. Horizon Oil's Operating Income for the six months ended in Dec. 2023 was A$ 41.8 Mil. Horizon Oil's Interest Expense for the six months ended in Dec. 2023 was A$ -2.2 Mil. Horizon Oil's Interest Coverage for the quarter that ended in Dec. 2023 was 18.94. 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.

Horizon Oil Interest Expense Historical Data

The historical data trend for Horizon Oil'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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Horizon Oil Interest Expense Chart

Horizon Oil Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.85

6.08

-6.50

-2.84

-5.69

Horizon Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.35	-1.47	-2.28	-3.40	-2.21

Horizon Oil 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 semi-annually data reported by the company within the most recent 12 months, which was A$-5.6 Mil.

Horizon Oil (ASX:HZN) 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.

Horizon Oil's Interest Expense for the six months ended in Dec. 2023 was A$-2.2 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$41.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.0 Mil.

Horizon Oil's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	41.802	/	-2.207
	=	18.94

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

Horizon Oil (ASX:HZN) Business Description

Industry

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HZNFF:USA

Address

360 Kent Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://horizonoil.com.au

Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company's exploration, development, and production activities are focused on Southeast Asia. The operating segments of the group are New Zealand exploration and development, China exploration and development, and All other segments. It generates the prime revenue from New Zealand's exploration and development segment in which the group is involved in the development and production of crude oil and oil field development and in the exploration and evaluation of hydrocarbons. The operations of the organization are carried out in China and New Zealand.