Gazprom PJSC (Gazprom PJSC) Interest Coverage : 0.60 (As of Jun. 2023)

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What is Gazprom PJSC 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. Gazprom PJSC's Operating Income for the three months ended in Jun. 2023 was $3,404 Mil. Gazprom PJSC's Interest Expense for the three months ended in Jun. 2023 was $-5,637 Mil. Gazprom PJSC's interest coverage for the quarter that ended in Jun. 2023 was 0.60. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Gazprom PJSCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

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

OGZPY' s Interest Coverage Range Over the Past 10 Years
Min: 0.6 Med: 24.44 Max: 40.47
Current: 0.6

OGZPY's Interest Coverage is ranked worse than
95.14% of 761 companies
in the Oil & Gas industry
Industry Median: 6.72 vs OGZPY: 0.60

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

Gazprom PJSC Interest Coverage Historical Data

The historical data trend for Gazprom PJSC'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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Gazprom PJSC Interest Coverage Chart

Gazprom PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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40.47

17.86

7.66

32.44

27.75

Gazprom PJSC Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23
Interest Coverage	Get a 7-Day Free Trial															36.55	31.31	0.71	N/A	0.60

Competitive Comparison of Gazprom PJSC's Interest Coverage

For the Oil & Gas Integrated subindustry, Gazprom PJSC'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.

Gazprom PJSC's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Gazprom PJSC's Interest Coverage falls into.

Gazprom PJSC 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.

Gazprom PJSC's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Gazprom PJSC's Interest Expense was $-2,020 Mil. Its Operating Income was $56,047 Mil. And its Long-Term Debt & Capital Lease Obligation was $74,773 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	56047.058	/	-2019.706
	=	27.75

Gazprom PJSC's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Gazprom PJSC's Interest Expense was $-5,637 Mil. Its Operating Income was $3,404 Mil. And its Long-Term Debt & Capital Lease Obligation was $64,716 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	3404.478	/	-5637.095
	=	0.60

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

Gazprom PJSC (OTCPK:OGZPY) 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 .

Gazprom PJSC Interest Coverage Related Terms

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

Gazprom PJSC (Gazprom PJSC) Business Description

Industry

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GAZP:Russia

Address

St. Petersburg, 2/3 Lakhtinsky Avenue, Building No. 1, Moscow, RUS, 197229

Website

https://www.gazprom.com

Gazprom PJSC is a Russian-based integrated oil and gas company in which the Russian government is a majority shareholder. Much of the business lies within the production, transportation, and distribution of natural gas. The company is a major gas supplier to European countries, with substantial gas pipelines throughout Western Russia and into Europe. While its oil segment is a smaller portion of revenue, the company is still integrated into the production, processing, and refinement of crude oil and refined products. Across both segments, the company produces its oil and gas from fields distributed across Russia, with end markets consisting mostly of Europe and Russia.