Prospex Energy (LSE:PXEN) Interest Expense : £-0.24 Mil (TTM As of Dec. 2023)

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What is Prospex Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prospex Energy's interest expense for the six months ended in Dec. 2023 was £ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-0.24 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. Prospex Energy's Operating Income for the six months ended in Dec. 2023 was £ -0.76 Mil. Prospex Energy's Interest Expense for the six months ended in Dec. 2023 was £ -0.08 Mil. Prospex Energy did not have earnings to cover the interest expense. 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.

Prospex Energy Interest Expense Historical Data

The historical data trend for Prospex 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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Prospex Energy Interest Expense Chart

Prospex Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.05

-0.08

-0.17

-0.24

Prospex 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															-0.03	-0.03	-0.15	-0.16	-0.08

Prospex 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 £-0.24 Mil.

Prospex Energy (LSE:PXEN) 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.

Prospex Energy's Interest Expense for the six months ended in Dec. 2023 was £-0.08 Mil. Its Operating Income for the six months ended in Dec. 2023 was £-0.76 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £0.00 Mil.

Prospex Energy's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Prospex Energy did not have earnings to cover the interest expense.

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

Prospex Energy (LSE:PXEN) Business Description

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PXEN:UK

Address

c/o Shakespeare Martineau LLP, 60 Gracechurch Street, London, GBR, EC3V 0HR

Website

http://www.prospex.energy

Prospex Energy PLC is a British Oil and Gas investment company. The company's investment policy is to acquire and invest in companies and projects within the natural resources and energy sector with potential for growth and income. Its strategy is to acquire a portfolio of investments in oil and gas projects that are at various stages of the development cycle and which represent attractive opportunities on a risk/reward basis.

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