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Conpet (BSE:COTE) Interest Expense : lei-0.2 Mil (TTM As of Mar. 2024)


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What is Conpet Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Conpet's interest expense for the three months ended in Mar. 2024 was lei -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was lei-0.2 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. Conpet's Operating Income for the three months ended in Mar. 2024 was lei 41.7 Mil. Conpet's Interest Expense for the three months ended in Mar. 2024 was lei -0.1 Mil. Conpet's Interest Coverage for the quarter that ended in Mar. 2024 was 683.84. 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.

Conpet Interest Expense Historical Data

The historical data trend for Conpet'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.

Conpet Interest Expense Chart

Conpet Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.25 -0.53 -0.20 -0.24 -0.18

Conpet Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.07 -0.04 -0.03 -0.03 -0.06

Conpet 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 lei-0.2 Mil.

* 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.

Conpet  (BSE:COTE) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Conpet's Interest Expense for the three months ended in Mar. 2024 was lei-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was lei41.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was lei2.6 Mil.

Conpet'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*41.714/-0.061
=683.84

* 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.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Conpet SA has enough cash to cover all of its debt. Its financial situation is stable.

Conpet (BSE:COTE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Conpet SA (BSE:COTE) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No.1-3. Anul 1848 Street, Prahova County, Ploiesti, ROU, 100559
Website
http://www.conpet.ro
Conpet SA operates in the energy sector. Its business includes midstream oil and gas activities related to the transportation of crude oil, rich gas, condensate, and ethane through the National Pipeline Transport System. Transmission operations are coordinated from the Central Dispatch Center. The company has a single reportable segment, namely transport services supply for its clients both via the National Transport System and by railway.