APA (APA) Interest Expense

: $-327 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. APA's interest expense for the three months ended in Dec. 2023 was $ -79 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-327 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's Operating Income for the three months ended in Dec. 2023 was $ 929 Mil. APA's Interest Expense for the three months ended in Dec. 2023 was $ -79 Mil. APA's Interest Coverage for the quarter that ended in Dec. 2023 was 11.76. 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 Interest Expense Historical Data

The historical data trend for APA'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.

* Premium members only.

APA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-393.00

-426.00

-410.00

-314.00

-327.00

APA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-78.00	-82.00	-84.00	-82.00	-79.00

APA 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 quarterly data reported by the company within the most recent 12 months, which was $-327 Mil.

APA (NAS:APA) 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's Interest Expense for the three months ended in Dec. 2023 was $-79 Mil. Its Operating Income for the three months ended in Dec. 2023 was $929 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5,186 Mil.

APA'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	*	929	/	-79
	=	11.76

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

APA (APA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » APA Corp (NAS:APA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AP A:Mexico APA:Germany 2S3:Germany A1PA34:Brazil

Address

2000 Post Oak Boulevard, Suite 100, One Post Oak Central, Houston, TX, USA, 77056-4400

Website

https://www.apacorp.com

Based in Houston, APA is an independent exploration and production company. It operates primarily in the U.S., Egypt, the North Sea, and Suriname. At year-end 2022, proved reserves totaled 890 million barrels of oil equivalent, with net reported production of 400 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).

Executives

Tracey K Henderson	officer: Executive VP Exploration	C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
Mark D Maddox	officer: Executive VP - Administration	C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
P Anthony Lannie	officer: Exec. Vice Pres & Gen Counsel	C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Chansoo Joung	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
David L Stover	director	NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Charles W Hooper	director	C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
D. Clay Bretches	officer: Exec. VP, Operations	C/O APACHE CORPORATION, 2000 POST OAK BLVD, STE 100, HOUSTON TX 77056
Rebecca A Hoyt	officer: Sr. VP, Chief Acct Officer	C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056-4400
Annell R Bay	director	C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056
Lamar Mckay	director	2000 POST OAK BLVD STE 100, HOUSTON TX 77056
John E Lowe	director	600 N DAIRY ASHFORD, HOUSTON TX 77079
Amy H Nelson	director	2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Rene R Joyce	director	P.O. BOX 130430, HOUSTON TX 77219-0430
Daniel Wayne Rabun	director	6 CHESTERFIELD GARDENS, 3RD FLOOR, LONDON X0 W1J 5BQ
Peter A Ragauss	director	2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019