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Newfield Exploration Co (NYSE:NFX)
Interest Expense
$-115 Mil (TTM As of Jun. 2016)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Newfield Exploration Co's interest expense for the three months ended in Jun. 2016 was $-27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2016 was $-115 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. Newfield Exploration Co's Operating Income for the three months ended in Jun. 2016 was $-498 Mil. Newfield Exploration Co's Interest Expense for the three months ended in Jun. 2016 was $-27 Mil. Newfield Exploration Co did not have earnings to cover the interest expense. 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.


Definition

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

Newfield Exploration Co Interest Expense for the trailing twelve months (TTM) ended in Jun. 2016 was -29 (Sep. 2015 ) + -27 (Dec. 2015 ) + -32 (Mar. 2016 ) + -27 (Jun. 2016 ) = $-115 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.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Newfield Exploration Co's interest expense for the three months ended in Jun. 2016 was $-27 Mil. Its operating income for the three months ended in Jun. 2016 was $-498 Mil. And its Long-Term Debt for the three months ended in Jun. 2016 was $2,430 Mil.

Newfield Exploration Co's Interest Coverage for the quarter that ended in Jun. 2016 is calculated as

Newfield Exploration Co did not have earnings to cover the interest expense.

* 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.

Newfield Exploration Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Interest Expense -43-55-52-75-98-93-137-152-147-131

Newfield Exploration Co Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
Interest Expense -38-38-38-33-37-38-29-27-32-27
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