ONEOK (OKE) Interest Expense

: $-866 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ONEOK's interest expense for the three months ended in Dec. 2023 was $ -305 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-866 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. ONEOK's Operating Income for the three months ended in Dec. 2023 was $ 1,124 Mil. ONEOK's Interest Expense for the three months ended in Dec. 2023 was $ -305 Mil. ONEOK's Interest Coverage for the quarter that ended in Dec. 2023 was 3.69. 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.

ONEOK Interest Expense Historical Data

The historical data trend for ONEOK'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.

* Premium members only.

ONEOK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-491.77

-712.89

-733.00

-676.00

-866.00

ONEOK Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-166.00	-166.00	-180.00	-215.00	-305.00

ONEOK Interest Expense Calculation

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 $-866 Mil.

ONEOK (NYSE:OKE) Interest Expense Explanation

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

ONEOK's Interest Expense for the three months ended in Dec. 2023 was $-305 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,124 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $21,257 Mil.

ONEOK'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	*	1124	/	-305
	=	3.69

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

ONEOK (OKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ONEOK Inc (NYSE:OKE) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

100 West Fifth Street, Tulsa, OK, USA, 74103

Website

https://www.oneok.com

Oneok provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation. It owns extensive assets in the midcontinent, Permian, and Rocky Mountain regions.

Executives

Eduardo A Rodriguez	director	100 WEST FIFTH STREET, TULSA OK 74103
Lyndon C Taylor	officer: See Remarks	333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
James R Hoskin	officer: See Remarks	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Wayne Thomas Smith	director	1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106
Lori Gobillot	director	5103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042
Janet L. Hogan	officer: Senior Vice President HR	2307 OREGON STREET, OSHKOSH WI 54902
Pierce Norton	director, officer: President & CEO	100 W. 5TH STREET, TULSA OK 74103
Brian L Derksen	director	100 W. 5TH ST., TULSA OK 74103
Scott D Schingen	officer: Senior VP Operations	100 WEST 5TH STREET, TULSA OK 74103
Mark W Helderman	director	100 W. 5TH ST., TULSA OK 74102
Mary M Spears	officer: VP & CHIEF ACCOUNTING OFFICER	100 W. 5TH ST., TULSA OK 74103
Gary David Parker	director	100 W. 5TH ST., TULSA OK 74103
Terry K Spencer	officer: OKS - COO	100 W. 5TH ST., TULSA OK 74103
John William Gibson	director, officer: CEO	100 WEST FIFTH STREET, TULSA OK 74103
Hulse Walter S Iii	officer: EVP STRATEGIC PLNG & CORP DEV	100 W. 5TH ST., TULSA OK 74103