APA Group (APA Group) Interest Expense : $-348 Mil (TTM As of Dec. 2023)

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What is APA Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. APA Group's interest expense for the six months ended in Dec. 2023 was $ -188 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-348 Mil.

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. APA Group's Operating Income for the six months ended in Dec. 2023 was $ 937 Mil. APA Group's Interest Expense for the six months ended in Dec. 2023 was $ -188 Mil. APA Group's Interest Coverage for the quarter that ended in Dec. 2023 was 4.98. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

APA Group Interest Expense Historical Data

The historical data trend for APA Group's Interest Expense 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.

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APA Group Interest Expense Chart

APA Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-347.24

-343.24

-499.62

-338.67

-320.13

APA Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-170.55	-171.12	-160.78	-160.22	-188.09

APA Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-348 Mil.

APA Group (OTCPK:APAJF) Interest Expense Explanation

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

APA Group's Interest Expense for the six months ended in Dec. 2023 was $-188 Mil. Its Operating Income for the six months ended in Dec. 2023 was $937 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $8,461 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	937.082	/	-188.086
	=	4.98

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. APA Group interest coverage is 3.44, which is low.

APA Group (APA Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » APA Group (OTCPK:APAJF) » Definitions » Interest Expense

Comparable Companies

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PJZ:Germany APA:Australia

Address

580 George Street, Level 25, Sydney, NSW, AUS, 2000

Website

https://www.apa.com.au

APA Group is Australia's largest gas infrastructure company with an extensive portfolio of transmission pipelines, distribution networks, and storage facilities, and is increasingly investing in renewable energy generation, electricity transmission, and batteries. It is internally managed and has direct operational control over all assets. It owns minority stakes in a few smaller gas infrastructure companies and manages operations for most of these. The stapled securities comprise a unit in Australian Pipeline Trust and in APT Investment Trust.