PJSC Lukoil (PJSC Lukoil) Interest Coverage : 118.68 (As of Sep. 2023)

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What is PJSC Lukoil 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. PJSC Lukoil's Operating Income for the three months ended in Sep. 2023 was $1,777 Mil. PJSC Lukoil's Interest Expense for the three months ended in Sep. 2023 was $-15 Mil. PJSC Lukoil's interest coverage for the quarter that ended in Sep. 2023 was 118.68. The higher the ratio, the stronger the company's financial strength is.

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

LUKOY' s Interest Coverage Range Over the Past 10 Years
Min: 7.42 Med: 19 Max: 154.84
Current: 154.84

LUKOY's Interest Coverage is ranked better than
85.77% of 759 companies
in the Oil & Gas industry
Industry Median: 6.72 vs LUKOY: 154.84

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

PJSC Lukoil Interest Coverage Historical Data

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

PJSC Lukoil Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

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23.88

20.91

7.42

16.92

60.88

PJSC Lukoil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Coverage	Get a 7-Day Free Trial															97.07	201.56	70.48	270.94	118.68

Competitive Comparison of PJSC Lukoil's Interest Coverage

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

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

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

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

PJSC Lukoil 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.

PJSC Lukoil'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, PJSC Lukoil's Interest Expense was $-251 Mil. Its Operating Income was $15,299 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,281 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	15298.514	/	-251.281
	=	60.88

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

Here, for the three months ended in Sep. 2023, PJSC Lukoil's Interest Expense was $-15 Mil. Its Operating Income was $1,777 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,126 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	1776.588	/	-14.97
	=	118.68

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

PJSC Lukoil (OTCPK:LUKOY) 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 .

PJSC Lukoil Interest Coverage Related Terms

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

PJSC Lukoil (PJSC Lukoil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PJSC Lukoil (OTCPK:LUKOY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

LKOH:Russia

Address

11, Sretensky Boulevard, Moscow, RUS, 101000

Website

https://www.lukoil.com

PJSC Lukoil directs the financial decisions and operations of the main group's subsidiaries. Altogether, Lukoil is an integrated oil company that has exposure to the entire range of activities in the oil and gas cycle from exploration to sales of refined products. Exploration and production activities are conducted with assets located in Russia, Iraq, and Uzbekistan, on offshore and onshore fields. Lukoil brings an array of petroleum products to the market through its refinery unit, including gasoline, medium distillates, dark petroleum products, lubricants, and other related products. Russia constitutes a significant portion of the group's distribution network; however, its products penetrate a number of different markets in Europe and the Americas.