Whitecap Resources (TSX:WCP) Interest Expense : C$-88 Mil (TTM As of Mar. 2024)

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What is Whitecap Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Whitecap Resources's interest expense for the three months ended in Mar. 2024 was C$ -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-88 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. Whitecap Resources's Operating Income for the three months ended in Mar. 2024 was C$ 188 Mil. Whitecap Resources's Interest Expense for the three months ended in Mar. 2024 was C$ -23 Mil. Whitecap Resources's Interest Coverage for the quarter that ended in Mar. 2024 was 8.03. 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.

Whitecap Resources Interest Expense Historical Data

The historical data trend for Whitecap 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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Whitecap Resources Interest Expense Chart

Whitecap Resources Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-52.27

-43.53

-43.60

-62.90

-88.60

Whitecap 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															-24.30	-20.90	-21.30	-22.10	-23.40

Whitecap 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$-88 Mil.

Whitecap Resources (TSX:WCP) 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.

Whitecap Resources's Interest Expense for the three months ended in Mar. 2024 was C$-23 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$188 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$1,410 Mil.

Whitecap Resources'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	*	187.8	/	-23.4
	=	8.03

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

Whitecap Resources (TSX:WCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Whitecap Resources Inc (TSX:WCP) » Definitions » Interest Expense

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SPGYF:USA J6I:Germany

Address

3800, 525 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1

Website

https://www.wcap.ca

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap's Canadian assets. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the revenue generator out of the basket of energy products sold by Whitecap.

Executives

Grant Bradley Fagerheim

Director, Senior Officer

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