Karoon Energy (ASX:KAR) Interest Expense : A$-23 Mil (TTM As of Dec. 2023)

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What is Karoon Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Karoon Energy's interest expense for the six months ended in Dec. 2023 was A$ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-23 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. Karoon Energy's Operating Income for the six months ended in Dec. 2023 was A$ 322 Mil. Karoon Energy's Interest Expense for the six months ended in Dec. 2023 was A$ -14 Mil. Karoon Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 23.68. 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.

Karoon Energy Interest Expense Historical Data

The historical data trend for Karoon Energy'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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Karoon Energy Interest Expense Chart

Karoon Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.18

-3.09

-3.58

-8.33

-14.75

Karoon Energy 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															-3.17	-5.09	-5.48	-9.24	-13.60

Karoon Energy 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$-23 Mil.

Karoon Energy (ASX:KAR) 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.

Karoon Energy's Interest Expense for the six months ended in Dec. 2023 was A$-14 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$322 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$658 Mil.

Karoon Energy'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	*	321.957	/	-13.595
	=	23.68

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

Karoon Energy (ASX:KAR) Business Description

Industry

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KRNGY:USA KRNGF:USA LBL:Germany

Address

6 Riverside Quay, Level 3, Suite 3.02, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.karoonenergy.com.au

Karoon produces around 8 million barrels of oil annually from its wholly owned Bauna field in Brazil's offshore Santos basin. The company acquired Bauna from Petrobras in 2020 and has been steadily increasing production via well interventions and new developments. Field life is approaching eight years based on proven and probable 2P reserves of 55 million barrels at end December 2022, though this excludes a further 82 million barrels in 2C contingent resources which which have potential to increase life further. We credit life of approximately 10 years, assuming partial conversion of 2C contingent resources into reserve category with drilling. There are also prospective untested targets within Karoon's permits which could potentially add further reserves in the medium term.