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Advantage Energy Ltd. — Financial Supplement Data 2024
Jul 25, 2024
46455_rns_2024-07-25_8c086bf7-a8df-4057-907d-77c668e2600b.pdf
Financial Supplement Data
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Advantage Energy Ltd. Supplemental Financial Information (unaudited) Exhibit to the June 30, 2024 Condensed Consolidated Financial Statements
The following ra�o has been calculated on a consolidated basis for the twelve‐month period ended June 30, 2024. This ra�o is based on Advantage Energy Ltd.’s Condensed Consolidated Financial Statements that are prepared in accordance with Interna�onal Financial Repor�ng Standards as issued by the Interna�onal Accoun�ng Standards Board.
| Twelve months ended | |
|---|---|
| June 30, 2024 | |
| Earnings Coverage Ra�o(1)(2) | 4.2x |
(1) Calculated as net income (loss) and comprehensive income (loss) a�ributed to Advantage shareholders, before finance expense and income tax expense divided by finance expense (including capitalized interest).
(2) As a result of the Corpora�on’s acquisi�on of Charlie Lake and Montney assets (the “Acquired Assets”), results from June 24, 2024 to June 30, 2024 include results from the Acquired Assets. Financial informa�on prior to the acquisi�on from July 1, 2023 to June 23, 2024 does not reflect results from the Acquired Assets.