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PetroChina Co (PetroChina Co) Interest Coverage : 14.91 (As of Dec. 2023)


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What is PetroChina Co 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. PetroChina Co's Operating Income for the three months ended in Dec. 2023 was $12,282 Mil. PetroChina Co's Interest Expense for the three months ended in Dec. 2023 was $-824 Mil. PetroChina Co's interest coverage for the quarter that ended in Dec. 2023 was 14.91. The higher the ratio, the stronger the company's financial strength is.

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

PTRCY' s Interest Coverage Range Over the Past 10 Years
Min: 2.25   Med: 6.11   Max: 14.55
Current: 11.97


PTRCY's Interest Coverage is ranked better than
63.73% of 761 companies
in the Oil & Gas industry
Industry Median: 6.72 vs PTRCY: 11.97

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


PetroChina Co Interest Coverage Historical Data

The historical data trend for PetroChina Co'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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PetroChina Co Interest Coverage Chart

PetroChina Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.84 2.25 9.66 14.55 11.97

PetroChina Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.72 9.90 10.82 12.38 14.91

Competitive Comparison of PetroChina Co's Interest Coverage

For the Oil & Gas Integrated subindustry, PetroChina Co'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.


PetroChina Co's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where PetroChina Co's Interest Coverage falls into.



PetroChina Co 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.

PetroChina Co'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, PetroChina Co's Interest Expense was $-3,370 Mil. Its Operating Income was $40,345 Mil. And its Long-Term Debt & Capital Lease Obligation was $35,942 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2023 )/Interest Expense (A: Dec. 2023 )
=-1*40344.668/-3370.074
=11.97

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

Here, for the three months ended in Dec. 2023, PetroChina Co's Interest Expense was $-824 Mil. Its Operating Income was $12,282 Mil. And its Long-Term Debt & Capital Lease Obligation was $35,942 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*12281.589/-823.786
=14.91

* 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.

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


PetroChina Co  (OTCPK:PTRCY) 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 .


PetroChina Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of PetroChina Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


PetroChina Co (PetroChina Co) Business Description

Address
No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007
PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2022, it produced more than 1.6 billion barrels of oil equivalent of oil and gas, and had more than 1.4 billion barrels of annual crude oil primary distillation capacity and more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 80%.

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