Equinor ASA (FRA:DNQA) Interest Expense : €-999 Mil (TTM As of Mar. 2024)

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What is Equinor ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Equinor ASA's interest expense for the three months ended in Mar. 2024 was € -383 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-999 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. Equinor ASA's Operating Income for the three months ended in Mar. 2024 was € 6,991 Mil. Equinor ASA's Interest Expense for the three months ended in Mar. 2024 was € -383 Mil. Equinor ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 18.27. 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.

Equinor ASA Interest Expense Historical Data

The historical data trend for Equinor ASA'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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Equinor ASA Interest Expense Chart

Equinor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-893.70

-804.74

-680.57

-876.98

-1,028.87

Equinor ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-432.44	-385.81	-386.04	155.89	-382.72

Equinor ASA 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-999 Mil.

Equinor ASA (FRA:DNQA) 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.

Equinor ASA's Interest Expense for the three months ended in Mar. 2024 was €-383 Mil. Its Operating Income for the three months ended in Mar. 2024 was €6,991 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €22,313 Mil.

Equinor ASA's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	6991.08	/	-382.72
	=	18.27

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

Equinor ASA (FRA:DNQA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Equinor ASA (FRA:DNQA) » Definitions » Interest Expense

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Traded in Other Exchanges

STOHF:USA EQNR:USA EQNR:Sweden EQNR:Norway EQNR:Mexico EQNRo:UK 0M2Z:UK DNQ:Germany E1QN34:Brazil

Address

Forusbeen 50, Stavanger, NOR, N-4035

Website

https://www.equinor.com

Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.0 million barrels of oil equivalent per day in 2022 (50% liquids) and ended the year with 5.2 billion barrels of proven reserves (49% liquidsl). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.

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