OMV AG (OMV AG) Interest Expense : $-447 Mil (TTM As of Dec. 2023)

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What is OMV AG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OMV AG's interest expense for the three months ended in Dec. 2023 was $ -117 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-447 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. OMV AG's Operating Income for the three months ended in Dec. 2023 was $ 1,333 Mil. OMV AG's Interest Expense for the three months ended in Dec. 2023 was $ -117 Mil. OMV AG's Interest Coverage for the quarter that ended in Dec. 2023 was 11.42. 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.

OMV AG Interest Expense Historical Data

The historical data trend for OMV AG'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.

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OMV AG Interest Expense Chart

OMV AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-337.78

-340.63

-376.27

-441.74

-453.65

OMV AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-113.35	-109.21	-99.68	-121.67	-116.69

OMV AG 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 $-447 Mil.

OMV AG (OTCPK:OMVJF) 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.

OMV AG's Interest Expense for the three months ended in Dec. 2023 was $-117 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,333 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $8,703 Mil.

OMV AG'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	*	1332.606	/	-116.685
	=	11.42

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

OMV AG (OMV AG) Business Description

Industry

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Traded in Other Exchanges

OMVKY:USA OMVv:UK 0MKH:UK OMV:Germany OMV:Czech Republic OMV:Austria

Address

Trabrennstrasse 6 - 8, Vienna, AUT, 1020

Website

https://www.omv.com

OMV AG is an international, integrated oil and gas company that operates in the Exploration & Production, Refining & Marketing, and Chemicals & Materials segments. The company has exploration and production assets in a multitude of countries in Europe, Asia, and Africa. Exploration & Production (E&P) engages in the business of oil and gas exploration, development and production and focuses on the regions Central and Eastern Europe, North Sea, Middle East and Africa, and Asia-Pacific. The Refining & Marketing (R&M) Business Segment refines and markets crude and other feedstock. The Chemicals & Materials (C&M) Business Segment provides circular polyolefin solutions and base chemicals, fertilizers, and plastics recycling.