Coastal Energy Co (LSE:CEO) Interest Expense : £-4.2 Mil (TTM As of Sep. 2013)

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What is Coastal Energy Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coastal Energy Co's interest expense for the three months ended in Sep. 2013 was £ -1.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2013 was £-4.2 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. Coastal Energy Co's Operating Income for the three months ended in Sep. 2013 was £ 69.3 Mil. Coastal Energy Co's Interest Expense for the three months ended in Sep. 2013 was £ -1.6 Mil. Coastal Energy Co's Interest Coverage for the quarter that ended in Sep. 2013 was 42.65. 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.

Coastal Energy Co Interest Expense Historical Data

The historical data trend for Coastal Energy Co'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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Coastal Energy Co Interest Expense Chart

Coastal Energy Co Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Interest Expense

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-1.44

-2.37

-1.29

-3.10

-4.26

Coastal Energy Co Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Interest Expense	Get a 7-Day Free Trial															-1.54	-1.05	-0.81	-0.76	-1.63

Coastal Energy Co 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 Sep. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was £-4.2 Mil.

Coastal Energy Co (LSE:CEO) 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.

Coastal Energy Co's Interest Expense for the three months ended in Sep. 2013 was £-1.6 Mil. Its Operating Income for the three months ended in Sep. 2013 was £69.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2013 was £69.8 Mil.

Coastal Energy Co's Interest Coverage for the quarter that ended in Sep. 2013 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2013 )	/	Interest Expense (Q: Sep. 2013 )
	=	-1	*	69.3	/	-1.625
	=	42.65

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

Coastal Energy Co (LSE:CEO) Business Description

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Address

Website

http://www.CoastalEnergy.com

Coastal Energy Company was founded in 2004.The company is involved in the acquisition, exploration and development of oil and gas properties in the Gulf of Thailand and Malaysia. It is also involved in the acquisition, exploration and development of onshore petroleum properties in Thailand.