Saturn Oil & Gas (TSX:SOIL) Interest Expense : C$-94.6 Mil (TTM As of Mar. 2024)

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What is Saturn Oil & Gas Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Saturn Oil & Gas's interest expense for the three months ended in Mar. 2024 was C$ -20.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-94.6 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. Saturn Oil & Gas's Operating Income for the three months ended in Mar. 2024 was C$ 44.8 Mil. Saturn Oil & Gas's Interest Expense for the three months ended in Mar. 2024 was C$ -20.8 Mil. Saturn Oil & Gas's Interest Coverage for the quarter that ended in Mar. 2024 was 2.16. 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.

Saturn Oil & Gas Interest Expense Historical Data

The historical data trend for Saturn Oil & Gas'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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Saturn Oil & Gas Interest Expense Chart

Saturn Oil & Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.77

-4.45

-11.15

-29.86

-90.06

Saturn Oil & Gas 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															-16.19	-26.75	-24.68	-22.44	-20.77

Saturn Oil & Gas 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$-94.6 Mil.

Saturn Oil & Gas (TSX:SOIL) 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.

Saturn Oil & Gas's Interest Expense for the three months ended in Mar. 2024 was C$-20.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$44.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$255.0 Mil.

Saturn Oil & Gas'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	*	44.82	/	-20.767
	=	2.16

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

Saturn Oil & Gas (TSX:SOIL) Business Description

Industry

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Traded in Other Exchanges

OILSF:USA SMKA:Germany

Address

207-9th Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 1K3

Website

https://www.saturnoil.com

Saturn Oil & Gas Inc is a resource company engaged in the business of acquiring, exploration, and development of petroleum and natural gas resource deposits in Canada. Its focus is to advance the exploration of its oil and gas properties in west-central and Southeast Saskatchewan. The Corporation is involved in the production, exploration and development of its oil and gas assets in Alberta as well as South-East and West-Central Saskatchewan.

Executives

John Jeffrey

Director, Senior Officer