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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ovintiv's interest expense for the three months ended in Mar. 2024 was $ -98 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-389 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. Ovintiv's Operating Income for the three months ended in Mar. 2024 was $ 494 Mil. Ovintiv's Interest Expense for the three months ended in Mar. 2024 was $ -98 Mil. Ovintiv's Interest Coverage for the quarter that ended in Mar. 2024 was 5.04. 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.
The historical data trend for Ovintiv'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.
Ovintiv Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -382.00 | -371.00 | -340.00 | -311.00 | -355.00 |
Ovintiv Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Expense | Get a 7-Day Free Trial | -71.00 | -80.00 | -105.00 | -106.00 | -98.00 |
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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-389 Mil.
* 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.
Ovintiv (NYSE:OVV) Interest Expense Explanation
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. The higher, the better.Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Ovintiv's Interest Expense for the three months ended in Mar. 2024 was $-98 Mil. Its Operating Income for the three months ended in Mar. 2024 was $494 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $6,289 Mil.
Ovintiv's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2024 ) | / | Interest Expense (Q: Mar. 2024 ) |
= | -1 | * | 494 | / | -98 | |
= | 5.04 |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Meghan Nicole Eilers | officer: EVP, GC & Corporate Secretary | 4 WATERWAY SQUARE PLACE, SUITE 100, THE WOODLANDS TX 77380 |
Steven W Nance | director | 130 EAST RANDOLPH DRIVE, CHICAGO IL 60601 |
Renee Ellen Zemljak | officer: EVP, Midstream, Mrktg & Fndmtl | SUITE 1700, 370 - 17TH STREET, DENVER CO 80202 |
Howard John Mayson | director | C/O 500 CENTRE STREET SE, CALGARY A0 T2P 2S5 |
Ralph Izzo | director | PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194 |
Thomas G Ricks | director | H&S VENTURES LLC, 2101 EAST COAST HWY - 3RD FLOOR, CORONA DEL MAR CA 92625 |
Katherine Lucas Minyard | director | 370 17TH STREET, SUITE 1700, DENVER CO 80202 |
George Pita | director | 3000 NW 107TH AVENUE, MIAMI FL 33172 |
Joanne Linette Alexander | officer: EVP, General Counsel & CorpSec | 500 CENTRE STREET SE, CALGARY A0 T2P 2S5 |
Meg Gentle | director | 717 TEXAS AVENUE, SUITE 3100, HOUSTON TX 77002 |
Rachel Maureen Moore | officer: EVP, Corporate Services | C/O 500 CENTRE STREET SE, CALGARY A0 T2P 2S5 |
Douglas James Suttles | director, officer: Chief Executive Officer | 500 CENTRE STREET SE, CALGARY A0 T2P 2S5 |
Brendan Michael Mccracken | officer: EVP, Corp Dev & Ext Relations | C/O 500 CENTRE STREET SE, CALGARY A0 T2P 2S5 |
Bruce Gordon Waterman | director | C/O 500 CENTRE STREET SE, CALGARY A0 T2P 2S5 |
Code Corey Douglas | officer: EVP & CFO | 500 CENTRE STREET SE, CALGARY A0 T2P 2S5 |
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