STEP Energy Services (TSX:STEP) Interest Expense : C$-10 Mil (TTM As of Mar. 2024)

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What is STEP Energy Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. STEP Energy Services's interest expense for the three months ended in Mar. 2024 was C$ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-10 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. STEP Energy Services's Operating Income for the three months ended in Mar. 2024 was C$ 58 Mil. STEP Energy Services's Interest Expense for the three months ended in Mar. 2024 was C$ -3 Mil. STEP Energy Services's Interest Coverage for the quarter that ended in Mar. 2024 was 22.05. 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.

STEP Energy Services Interest Expense Historical Data

The historical data trend for STEP Energy Services'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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STEP Energy Services Interest Expense Chart

STEP Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-14.24

-12.93

-11.79

-11.80

-10.07

STEP Energy Services 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															-2.68	-2.53	-2.57	-2.30	-2.63

STEP Energy Services 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$-10 Mil.

STEP Energy Services (TSX:STEP) 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.

STEP Energy Services's Interest Expense for the three months ended in Mar. 2024 was C$-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$58 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$133 Mil.

STEP Energy Services'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	*	58.025	/	-2.632
	=	22.05

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

STEP Energy Services (TSX:STEP) Business Description

Industry

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

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SNVVF:USA 932:Germany

Address

1200, 205-5th Avenue SW, Bow Valley Square II, Calgary, AB, CAN, T2P 2V7

Website

https://www.stepenergyservices.com

STEP Energy Services Ltd is an oilfield service company. It provides coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing solutions. STEP has a high-performance safety-focused culture and provides innovative, reliable, and cost-effective solutions to its E&P clients. The group's services are focused on the WCSB, Permian and Eagle Ford in Texas, the Uinta-Piceance and Niobrara-DJ basins in Colorado, and the Bakken in North Dakota.

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