Eni SpA (Eni SpA) Interest Coverage : 0.76 (As of Dec. 2023)

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What is Eni SpA Interest Coverage?

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 by its Interest Expense. Eni SpA's Operating Income for the three months ended in Dec. 2023 was $2,023 Mil. Eni SpA's Interest Expense for the three months ended in Dec. 2023 was $-2,655 Mil. Eni SpA's interest coverage for the quarter that ended in Dec. 2023 was 0.76. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Eni SpA's Interest Coverage or its related term are showing as below:

E' s Interest Coverage Range Over the Past 10 Years
Min: 0.05 Med: 1.3 Max: 2.63
Current: 1.14

E's Interest Coverage is ranked worse than
91.2% of 761 companies
in the Oil & Gas industry
Industry Median: 6.71 vs E: 1.14

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

Eni SpA Interest Coverage Historical Data

The historical data trend for Eni SpA's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Eni SpA Interest Coverage Chart

Eni SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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1.94

0.05

2.63

2.12

1.14

Eni SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															0.95	1.15	1.37	1.40	0.76

Competitive Comparison of Eni SpA's Interest Coverage

For the Oil & Gas Integrated subindustry, Eni SpA's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Eni SpA's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Eni SpA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Eni SpA's Interest Coverage falls into.

Eni SpA Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

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

Eni SpA's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Eni SpA's Interest Expense was $-8,847 Mil. Its Operating Income was $10,105 Mil. And its Long-Term Debt & Capital Lease Obligation was $28,270 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	10104.689	/	-8847.328
	=	1.14

Eni SpA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Eni SpA's Interest Expense was $-2,655 Mil. Its Operating Income was $2,023 Mil. And its Long-Term Debt & Capital Lease Obligation was $28,270 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2022.901	/	-2655.398
	=	0.76

The higher the ratio, the stronger the company's Financial Strength is.

Eni SpA (NYSE:E) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Eni SpA Interest Coverage Related Terms

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Eni SpA (Eni SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (NYSE:E) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

EIPAF:USA ENI:Italy 0TD2:UK ENIm:UK 0N9S:UK ENI:Germany ENI:Germany ENI:Germany ENI1:Germany ENI:Germany ENI:Austria E:Argentina

Address

1, Piazzale Enrico Mattei, Rome, ITA, 00144

Website

https://www.eni.com

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, the company produced 0.8 million barrels of liquids and 4.5 billion cubic feet of natural gas per day. At end-2022, Eni held reserves of 6.6 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.