BHP Group (BHP Group) Interest Expense : $-2,208 Mil (TTM As of Dec. 2023)

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What is BHP Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BHP Group's interest expense for the six months ended in Dec. 2023 was $ -1,107 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2,208 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. BHP Group's Operating Income for the six months ended in Dec. 2023 was $ 4,268 Mil. BHP Group's Interest Expense for the six months ended in Dec. 2023 was $ -1,107 Mil. BHP Group's Interest Coverage for the quarter that ended in Dec. 2023 was 3.86. 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.

BHP Group Interest Expense Historical Data

The historical data trend for BHP 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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BHP Group Interest Expense Chart

BHP Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-1,565.00

-1,253.00

-858.00

-1,142.00

-2,149.00

BHP 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															-487.00	-655.00	-1,048.00	-1,101.00	-1,107.00

BHP 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 $-2,208 Mil.

BHP Group (NYSE:BHP) 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.

BHP Group's Interest Expense for the six months ended in Dec. 2023 was $-1,107 Mil. Its Operating Income for the six months ended in Dec. 2023 was $4,268 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $19,565 Mil.

BHP 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	*	4268	/	-1107
	=	3.86

The higher the ratio, the stronger the company's financial strength is.

BHP Group (BHP Group) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

BHG:South Africa BHPLF:USA BHPN:Mexico BHPl:UK BHP:UK BHP1:Germany BHP:Australia BHP:Argentina

Address

171 Collins Street, Level 18, Melbourne, VIC, AUS, 3000

Website

https://www.bhp.com

BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore U.S. oil and gas assets were sold in 2018 and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. BHP is growing its nickel business to supply more battery grade nickel and is also entering the potash market through the development of its Jansen mine in Canada. It also purchased copper miner Oz Minerals in fiscal 2023.