OMV AG (OMV AG) Interest Coverage

: 11.42 (As of Dec. 2023)

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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. OMV AG's Operating Income for the three months ended in Dec. 2023 was $1,333 Mil. OMV AG's Interest Expense for the three months ended in Dec. 2023 was $-117 Mil. OMV AG's interest coverage for the quarter that ended in Dec. 2023 was 11.42. The higher the ratio, the stronger the company's financial strength is.

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

OMVKY' s Interest Coverage Range Over the Past 10 Years
Min: 0.77 Med: 11.26 Max: 28.62
Current: 11.96

OMVKY's Interest Coverage is ranked better than
63.5% of 759 companies
in the Oil & Gas industry
Industry Median: 6.72 vs OMVKY: 11.96

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

OMV AG Interest Coverage Historical Data

The historical data trend for OMV AG'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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OMV AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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11.26

7.26

16.76

28.62

11.76

OMV AG 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															21.50	12.66	12.80	11.15	11.42

Competitive Comparison

For the Oil & Gas Integrated subindustry, OMV AG'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.

OMV AG Interest Coverage Distribution

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

* The bar in red indicates where OMV AG's Interest Coverage falls into.

OMV AG 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.

OMV AG'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, OMV AG's Interest Expense was $-454 Mil. Its Operating Income was $5,335 Mil. And its Long-Term Debt & Capital Lease Obligation was $8,703 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	5334.787	/	-453.653
	=	11.76

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

Here, for the three months ended in Dec. 2023, OMV AG's Interest Expense was $-117 Mil. Its Operating Income was $1,333 Mil. And its Long-Term Debt & Capital Lease Obligation was $8,703 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1332.606	/	-116.685
	=	11.42

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

OMV AG (OTCPK:OMVKY) 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 .

OMV AG Interest Coverage Related Terms

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OMV AG (OMV AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » OMV AG (OTCPK:OMVKY) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

OMVJF:USA OMVv:UK 0MKH:UK OMVI:Germany OMV:Germany OMV:Germany OMV:Germany OMV:Germany OMV:Czech Republic OMV:Austria

Address

Trabrennstrasse 6 - 8, Vienna, AUT, 1020

Website

https://www.omv.com

OMV AG is an international, integrated oil and gas company that operates in the Exploration & Production, Refining & Marketing, and Chemicals & Materials segments. The company has exploration and production assets in a multitude of countries in Europe, Asia, and Africa. Exploration & Production (E&P) engages in the business of oil and gas exploration, development and production and focuses on the regions Central and Eastern Europe, North Sea, Middle East and Africa, and Asia-Pacific. The Refining & Marketing (R&M) Business Segment refines and markets crude and other feedstock. The Chemicals & Materials (C&M) Business Segment provides circular polyolefin solutions and base chemicals, fertilizers, and plastics recycling.