Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) Interest Expense : €-157 Mil (TTM As of Mar. 2024)

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What is Motor Oil (Hellas) Corinth Refineries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Motor Oil (Hellas) Corinth Refineries's interest expense for the three months ended in Mar. 2024 was € -33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-157 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. Motor Oil (Hellas) Corinth Refineries's Operating Income for the three months ended in Mar. 2024 was € 290 Mil. Motor Oil (Hellas) Corinth Refineries's Interest Expense for the three months ended in Mar. 2024 was € -33 Mil. Motor Oil (Hellas) Corinth Refineries's Interest Coverage for the quarter that ended in Mar. 2024 was 8.68. 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.

Motor Oil (Hellas) Corinth Refineries Interest Expense Historical Data

The historical data trend for Motor Oil (Hellas) Corinth Refineries'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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Motor Oil (Hellas) Corinth Refineries Interest Expense Chart

Motor Oil (Hellas) Corinth Refineries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-41.80

-48.48

-65.28

-61.75

-122.34

Motor Oil (Hellas) Corinth Refineries 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															-29.26	-56.07	-35.26	-32.12	-33.38

Motor Oil (Hellas) Corinth Refineries 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 €-157 Mil.

Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) 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.

Motor Oil (Hellas) Corinth Refineries's Interest Expense for the three months ended in Mar. 2024 was €-33 Mil. Its Operating Income for the three months ended in Mar. 2024 was €290 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €2,575 Mil.

Motor Oil (Hellas) Corinth Refineries'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	*	289.939	/	-33.384
	=	8.68

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

Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Motor Oil (Hellas) Corinth Refineries SA (FRA:MHZ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MOHCY:USA MOH:Greece 0MQT:UK MHZ:Germany

Address

12A, Irodou Attikou Street, Maroussi, GRC, 151 24

Website

https://www.moh.gr

Motor Oil (Hellas) Corinth Refineries SA operates a series of ancillary plants and offsite facilities that make up its refinery business. Its operations can process crude oils of various characteristics and produce a full range of petroleum products, complying with myriad international specifications. It serves major petroleum marketing companies in Greece and internationally. Motor Oil Hellas' production ranges from light ends and gasoline to middle distillates, fuel, bitumen, and lubricants. The company is one of very few in its region that produces and packages lubricants. Its base oils and lubricants are approved by several prominent international organizations.

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