Prairie Provident Resources (TSX:PPR) Interest Expense : C$-17.40 Mil (TTM As of Mar. 2024)

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What is Prairie Provident Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prairie Provident Resources's interest expense for the three months ended in Mar. 2024 was C$ -3.11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-17.40 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. Prairie Provident Resources's Operating Income for the three months ended in Mar. 2024 was C$ -2.47 Mil. Prairie Provident Resources's Interest Expense for the three months ended in Mar. 2024 was C$ -3.11 Mil. Prairie Provident Resources 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.

Prairie Provident Resources Interest Expense Historical Data

The historical data trend for Prairie Provident 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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Prairie Provident Resources Interest Expense Chart

Prairie Provident Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-12.73

-13.71

-15.41

-18.08

-18.83

Prairie Provident Resources 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															-5.24	-4.87	-2.89	-6.53	-3.11

Prairie Provident 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 C$-17.40 Mil.

Prairie Provident Resources (TSX:PPR) 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.

Prairie Provident Resources's Interest Expense for the three months ended in Mar. 2024 was C$-3.11 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-2.47 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$1.64 Mil.

Prairie Provident Resources's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Prairie Provident Resources did not have earnings to cover the interest expense.

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

Prairie Provident Resources (TSX:PPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Prairie Provident Resources Inc (TSX:PPR) » Definitions » Interest Expense

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Traded in Other Exchanges

PRPRF:USA 09N:Germany 09N:Germany

Address

1100, 640 - 5th Avenue SW, Calgary, AB, CAN, T2P 3G4

Website

https://www.ppr.ca

Prairie Provident Resources Inc is an independent oil and natural gas exploration, development, and production company generating revenue from Oil and natural gas. The company's operations are primarily focused on the Princess and Michichi areas in Southern Alberta targeting the Ellerslie, Lithic Glauconite and Banff formations, along with an established and proven waterflood project at its Evi property located in the Peace River Arch area of Northern Alberta.

Executives

David Stobbe

Senior Officer

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