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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. APA's interest expense for the three months ended in Dec. 2023 was $ -79 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-327 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. APA's Operating Income for the three months ended in Dec. 2023 was $ 929 Mil. APA's Interest Expense for the three months ended in Dec. 2023 was $ -79 Mil. APA's Interest Coverage for the quarter that ended in Dec. 2023 was 11.76. 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.
The historical data trend for APA'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.
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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-327 Mil.
* 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.
APA (NAS:APA) Interest Expense Explanation
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. The higher, the better.Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
APA's Interest Expense for the three months ended in Dec. 2023 was $-79 Mil. Its Operating Income for the three months ended in Dec. 2023 was $929 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5,186 Mil.
APA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
Interest Coverage | = | -1 | * | Operating Income (Q: Dec. 2023 ) | / | Interest Expense (Q: Dec. 2023 ) |
= | -1 | * | 929 | / | -79 | |
= | 11.76 |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Tracey K Henderson | officer: Executive VP Exploration | C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056 |
Mark D Maddox | officer: Executive VP - Administration | C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056 |
P Anthony Lannie | officer: Exec. Vice Pres & Gen Counsel | C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056 |
Chansoo Joung | director | C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
David L Stover | director | NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070 |
Charles W Hooper | director | C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056 |
D. Clay Bretches | officer: Exec. VP, Operations | C/O APACHE CORPORATION, 2000 POST OAK BLVD, STE 100, HOUSTON TX 77056 |
Rebecca A Hoyt | officer: Sr. VP, Chief Acct Officer | C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056-4400 |
Annell R Bay | director | C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056 |
Lamar Mckay | director | 2000 POST OAK BLVD STE 100, HOUSTON TX 77056 |
John E Lowe | director | 600 N DAIRY ASHFORD, HOUSTON TX 77079 |
Amy H Nelson | director | 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056 |
Rene R Joyce | director | P.O. BOX 130430, HOUSTON TX 77219-0430 |
Daniel Wayne Rabun | director | 6 CHESTERFIELD GARDENS, 3RD FLOOR, LONDON X0 W1J 5BQ |
Peter A Ragauss | director | 2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019 |
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