Greenfire Resources (Greenfire Resources) Interest Expense : $-77.0 Mil (TTM As of Mar. 2024)

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What is Greenfire Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Greenfire Resources's interest expense for the three months ended in Mar. 2024 was $ -11.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-77.0 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. Greenfire Resources's Operating Income for the three months ended in Mar. 2024 was $ 21.6 Mil. Greenfire Resources's Interest Expense for the three months ended in Mar. 2024 was $ -11.4 Mil. Greenfire Resources's Interest Coverage for the quarter that ended in Mar. 2024 was 1.89. 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.

Greenfire Resources Interest Expense Historical Data

The historical data trend for Greenfire 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.

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Greenfire Resources Interest Expense Chart

Greenfire Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-19.57

-56.19

-81.48

Greenfire Resources Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial			-21.39	-11.19	-54.05	-11.53	-11.42

Greenfire 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 $-77.0 Mil.

Greenfire Resources (NYSE:GFR) 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.

Greenfire Resources's Interest Expense for the three months ended in Mar. 2024 was $-11.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was $21.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $235.5 Mil.

Greenfire 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	*	21.637	/	-11.418
	=	1.89

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

Greenfire Resources (Greenfire Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenfire Resources Ltd (NYSE:GFR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GFR:Canada

Address

1900 – 205 5th Avenue SW, Calgary, AB, CAN, T2P 2V7

Website

https://www.greenfireres.com

Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo.

Greenfire Resources (Greenfire Resources) Headlines

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