Journey Energy (TSX:JOY) Interest Expense : C$-11.4 Mil (TTM As of Mar. 2024)

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What is Journey Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Journey Energy's interest expense for the three months ended in Mar. 2024 was C$ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-11.4 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. Journey Energy's Operating Income for the three months ended in Mar. 2024 was C$ 6.9 Mil. Journey Energy's Interest Expense for the three months ended in Mar. 2024 was C$ -0.1 Mil. Journey Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 51.46. 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.

Journey Energy Interest Expense Historical Data

The historical data trend for Journey 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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Journey Energy Interest Expense Chart

Journey Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-10.32

-10.60

-9.29

-8.60

-9.45

Journey Energy 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															-0.31	-2.27	-0.18	-8.81	-0.13

Journey 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-11.4 Mil.

Journey Energy (TSX:JOY) 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.

Journey Energy's Interest Expense for the three months ended in Mar. 2024 was C$-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$6.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$3.9 Mil.

Journey Energy'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	*	6.896	/	-0.134
	=	51.46

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

Journey Energy (TSX:JOY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Journey Energy Inc (TSX:JOY) » Definitions » Interest Expense

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JRNGF:USA 17J:Germany

Address

517 - 10th Avenue South West, Suite 700, Calgary, AB, CAN, T2R 0A8

Website

https://www.journeyenergy.ca

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company's principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.

Executives

Craig Henry Hansen

Director