Vermilion Energy (TSX:VET) Interest Expense : C$-82 Mil (TTM As of Mar. 2024)

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What is Vermilion Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vermilion Energy's interest expense for the three months ended in Mar. 2024 was C$ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-82 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. Vermilion Energy's Operating Income for the three months ended in Mar. 2024 was C$ 62 Mil. Vermilion Energy's Interest Expense for the three months ended in Mar. 2024 was C$ -18 Mil. Vermilion Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 3.35. 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.

Vermilion Energy Interest Expense Historical Data

The historical data trend for Vermilion 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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Vermilion Energy Interest Expense Chart

Vermilion Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-81.38

-75.08

-73.08

-82.86

-85.21

Vermilion 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															-21.88	-20.21	-20.22	-22.91	-18.39

Vermilion 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$-82 Mil.

Vermilion Energy (TSX:VET) 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.

Vermilion Energy's Interest Expense for the three months ended in Mar. 2024 was C$-18 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$962 Mil.

Vermilion 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	*	61.62	/	-18.392
	=	3.35

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

Vermilion Energy (TSX:VET) Business Description

Industry

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

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VET:USA CVZ:Germany CVZ:Germany

Address

520 - 3rd Avenue SW, Suite 3500, Calgary, AB, CAN, T2P 0R3

Website

https://www.vermilionenergy.com

Vermilion Energy Inc is an international oil and gas-producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion's revenue has derived from the production and sale of petroleum and natural gas. In each market, the company relies on a host of drilling and well-completion techniques to keep production at attractive levels. It derives a majority of its revenue from Canada.

Executives

Robert B. Michaleski

Director