Granite Ridge Resources (Granite Ridge Resources) Interest Expense : $-8.1 Mil (TTM As of Mar. 2024)

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What is Granite Ridge Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Granite Ridge Resources's interest expense for the three months ended in Mar. 2024 was $ -3.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-8.1 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. Granite Ridge Resources's Operating Income for the three months ended in Mar. 2024 was $ 20.3 Mil. Granite Ridge Resources's Interest Expense for the three months ended in Mar. 2024 was $ -3.2 Mil. Granite Ridge Resources's Interest Coverage for the quarter that ended in Mar. 2024 was 6.44. 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.

Granite Ridge Resources Interest Expense Historical Data

The historical data trend for Granite Ridge 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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Granite Ridge Resources Interest Expense Chart

Granite Ridge Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.67

-1.84

-2.39

-1.99

-5.32

Granite Ridge Resources Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-0.34	-1.21	-1.36	-2.41	-3.16

Granite Ridge 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 $-8.1 Mil.

Granite Ridge Resources (NYSE:GRNT) 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.

Granite Ridge Resources's Interest Expense for the three months ended in Mar. 2024 was $-3.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was $20.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $137.5 Mil.

Granite Ridge 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	*	20.335	/	-3.159
	=	6.44

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

Granite Ridge Resources (Granite Ridge Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Granite Ridge Resources Inc (NYSE:GRNT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

Y60:Germany

Address

5217 McKinney Avenue, Suite 400, Dallas, TX, USA, 75205

Website

https://www.graniteridge.com

Granite Ridge Resources Inc is a scaled, non-operated oil and gas exploration and production company. It invests in a diversified portfolio of production and top-tier acreage across the Permian and other prolific US basins in partnership with proven operators.

Executives

Matthew Reade Miller	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Griffin Perry	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Thaddeus Darden	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
John Mccartney	director	US ROBOTICS INC, 8100 MCCORMICK BLVD, SKOKIE IL 60076
Tyler Farquharson	officer: Chief Financial Officer	12377 MERIT DRIVE, SUITE 1700, LB 82, DALLAS TX 75251
Kirk Lazarine	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Grep Gp Iii, Llc	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Luke C Brandenberg	officer: President and CEO	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Michele J Everard	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Zoran Durkovic	officer: Chief Accounting Officer	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Grep Gp Ii, Llc	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Amanda N. Coussens	director	C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
Grey Rock Energy Fund Ii-b, Lp	10 percent owner	2911 TURTLE CREEK BLVD, SUITE 1150, DALLAS TX 75219
Grey Rock Energy Partners Gp Ii, L.p.	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Grep Holdco Iii-b Holdings, Llc	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205