Obsidian Energy (TSX:OBE) Interest Expense : C$-29.3 Mil (TTM As of Mar. 2024)

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What is Obsidian Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Obsidian Energy's interest expense for the three months ended in Mar. 2024 was C$ -7.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-29.3 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. Obsidian Energy's Operating Income for the three months ended in Mar. 2024 was C$ 23.5 Mil. Obsidian Energy's Interest Expense for the three months ended in Mar. 2024 was C$ -7.1 Mil. Obsidian Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 3.31. 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.

Obsidian Energy Interest Expense Historical Data

The historical data trend for Obsidian 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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Obsidian Energy Interest Expense Chart

Obsidian Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-35.80

-24.30

-30.10

-31.60

-29.00

Obsidian 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															-6.80	-7.80	-7.90	-6.50	-7.10

Obsidian 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$-29.3 Mil.

Obsidian Energy (TSX:OBE) 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.

Obsidian Energy's Interest Expense for the three months ended in Mar. 2024 was C$-7.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$23.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$283.4 Mil.

Obsidian 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	*	23.5	/	-7.1
	=	3.31

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

Obsidian Energy (TSX:OBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Obsidian Energy Ltd (TSX:OBE) » Definitions » Interest Expense

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Traded in Other Exchanges

OBE:USA P13A:Germany

Address

207 - 9th Avenue SW, Suite 200, Calgary, AB, CAN, T2P 1K3

Website

https://www.obsidianenergy.com

Obsidian Energy Ltd, is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin. The company generates the majority of the revenue from the Crude oil sale.

Executives

Mark Kristian Rodger Hawkins

Senior Officer