Laredo Petroleum Interest Expense:
24.79M for Dec. 31, 2012Laredo Petroleum Historical Interest Expense Data
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| Data for this Date Range | |
|---|---|
| Dec. 31, 2012 | 24.79M |
| Sept. 30, 2012 | 24.42M |
| June 30, 2012 | 21.67M |
| March 31, 2012 | 14.68M |
| Dec. 31, 2011 | 15.52M |
| Sept. 30, 2011 | 12.81M |
| June 30, 2011 | 11.74M |
| March 31, 2011 | 10.52M |
| Dec. 31, 2010 | 6.613M |
| Sept. 30, 2010 | 5.941M |
About Interest Expense
When companies borrow money to expand or maintain their business operations, they must pay interest on the money that they borrow. The interest expense is the annual accrued amount of interest that the company paid (or sometimes will have to pay) to its creditors.
A higher interest expense means that the company is paying more to its debtors. In general, a company's capital structure with a heavier debt focus will have higher interest expenses. Liquidity ratios such as EBIT/Interest Expense can help investors see if increasing Interest Expenses are problematic.
YCharts includes both operating interest expense and non-operating interest expense in our numbers.
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LPI Interest Expense Benchmarks
| Companies | |
|---|---|
| Oasis Petroleum | 21.18M |
| Ultra Petroleum Corporation | 25.76M |
| Penn West Petroleum | 44.30M |
LPI Interest Expense Rankings
| Overall |
38th percentile 4692 of 7593 |
| Sector |
23rd percentile 295 of 387 in Energy |
| Industry |
16th percentile 143 of 171 in Oil & Gas E&P |
LPI Interest Expense Range, Past 5 Years
| Minimum | 5.941M | Sep 2010 |
| Maximum | 24.79M | Dec 2012 |
| Average | 14.87M |
