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Devon Energy Corp (NYSE:DVN)
Interest Expense
$-448 Mil (TTM As of Sep. 2014)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Devon Energy Corp's interest expense for the three months ended in Sep. 2014 was $-112 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2014 was $-448 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. Devon Energy Corp's Operating Income for the three months ended in Sep. 2014 was $1,774 Mil. Devon Energy Corp's Interest Expense for the three months ended in Sep. 2014 was $-112 Mil. Devon Energy Corp's interest coverage for the quarter that ended in Sep. 2014 was 15.84. 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.

Devon Energy Corp Interest Expense for the trailing twelve months (TTM) ended in Sep. 2014 was -105 (Dec. 2013 ) + -109 (Mar. 2014 ) + -122 (Jun. 2014 ) + -112 (Sep. 2014 ) = $-448 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.

Devon Energy Corp's interest expense for the three months ended in Sep. 2014 was $-112 Mil. Its operating income for the three months ended in Sep. 2014 was $1,774 Mil. And its Long-Term Debt for the three months ended in Sep. 2014 was $10,161 Mil.

Devon Energy Corp's Interest Coverage for the quarter that ended in Sep. 2014 is calculated as

Interest Coverage=-1*Operating Income (Q: Sep. 2014 )/Interest Expense (Q: Sep. 2014 )
=-1*1774/-112
=15.84

* 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.

Devon Energy Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Interest Expense -475-533-421-430-329-349-363-352-370-417

Devon Energy Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Interest Expense -95-108-84-107-104-101-105-109-122-112
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