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ConocoPhillips (NYSE:COP)
Interest Expense
$-669 Mil (TTM As of Jun. 2014)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ConocoPhillips's interest expense for the three months ended in Jun. 2014 was $-155 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2014 was $-669 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. ConocoPhillips's Operating Income for the three months ended in Jun. 2014 was $3,622 Mil. ConocoPhillips's Interest Expense for the three months ended in Jun. 2014 was $-155 Mil. ConocoPhillips's interest coverage for the quarter that ended in Jun. 2014 was 23.37. The higher the ratio, the stronger the company’s financial strength is.


Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

ConocoPhillips Interest Expense for the trailing twelve months (TTM) ended in Jun. 2014 was -151 (Sep. 2013 ) + -192 (Dec. 2013 ) + -171 (Mar. 2014 ) + -155 (Jun. 2014 ) = $-669 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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.

ConocoPhillips's interest expense for the three months ended in Jun. 2014 was $-155 Mil. Its operating income for the three months ended in Jun. 2014 was $3,622 Mil. And its Long-Term Debt for the three months ended in Jun. 2014 was $19,570 Mil.

ConocoPhillips's Interest Coverage for the quarter that ended in Jun. 2014 is calculated as

Interest Coverage=-1*Operating Income (Q: Jun. 2014 )/Interest Expense (Q: Jun. 2014 )
=-1*3622/-155
=23.37

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

ConocoPhillips Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Interest Expense -546-497-1,087-1,253-935-1,289-1,187-954-709-612

ConocoPhillips Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Interest Expense -190-197-161-161-130-139-151-192-171-155
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