Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Interest Expense

: $-3,514 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. Petroleo Brasileiro Petrobras's interest expense for the three months ended in Dec. 2023 was $ -821 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-3,514 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. Petroleo Brasileiro Petrobras's Operating Income for the three months ended in Dec. 2023 was $ 6,211 Mil. Petroleo Brasileiro Petrobras's Interest Expense for the three months ended in Dec. 2023 was $ -821 Mil. Petroleo Brasileiro Petrobras's Interest Coverage for the quarter that ended in Dec. 2023 was 7.57. 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.

Petroleo Brasileiro Petrobras Interest Expense Historical Data

The historical data trend for Petroleo Brasileiro Petrobras'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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Petroleo Brasileiro Petrobras Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6,553.72

-5,831.91

-4,905.09

-3,337.76

-3,585.57

Petroleo Brasileiro Petrobras 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															-799.46	-821.79	-813.82	-1,057.39	-820.91

Petroleo Brasileiro Petrobras 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 $-3,514 Mil.

Petroleo Brasileiro Petrobras (NYSE:PBR) 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.

Petroleo Brasileiro Petrobras's Interest Expense for the three months ended in Dec. 2023 was $-821 Mil. Its Operating Income for the three months ended in Dec. 2023 was $6,211 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $50,592 Mil.

Petroleo Brasileiro Petrobras'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	*	6211.047	/	-820.907
	=	7.57

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

Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petroleo Brasileiro SA Petrobras (NYSE:PBR) » Definitions » Interest Expense

Traded in Other Exchanges

PBR.A:USA PBRN:Mexico PBRA:Mexico XPBRA:Spain XPBR:Spain PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PETR4:Brazil PETR3:Brazil

Address

Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912

Website

https://www.petrobras.com.br

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.