PetroChina Co (SHSE:601857) Interest Expense : ¥-24,063 Mil (TTM As of Dec. 2023)

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What is PetroChina Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PetroChina Co's interest expense for the three months ended in Dec. 2023 was ¥ -5,882 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ¥-24,063 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. PetroChina Co's Operating Income for the three months ended in Dec. 2023 was ¥ 87,693 Mil. PetroChina Co's Interest Expense for the three months ended in Dec. 2023 was ¥ -5,882 Mil. PetroChina Co's Interest Coverage for the quarter that ended in Dec. 2023 was 14.91. 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.

PetroChina Co Interest Expense Historical Data

The historical data trend for PetroChina Co'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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PetroChina Co Interest Expense Chart

PetroChina Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-30,409.00

-26,528.00

-19,739.00

-21,554.00

-24,063.00

PetroChina Co 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															-6,359.00	-6,139.00	-6,045.00	-5,997.00	-5,882.00

PetroChina Co 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 ¥-24,063 Mil.

PetroChina Co (SHSE:601857) 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.

PetroChina Co's Interest Expense for the three months ended in Dec. 2023 was ¥-5,882 Mil. Its Operating Income for the three months ended in Dec. 2023 was ¥87,693 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ¥256,636 Mil.

PetroChina Co'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	*	87693	/	-5882
	=	14.91

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

PetroChina Co (SHSE:601857) Business Description

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PCCYF:USA 00857:Hong Kong PC6:Germany

Address

No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007

Website

http://www.petrochina.com.cn

PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2022, it produced more than 1.6 billion barrels of oil equivalent of oil and gas, and had more than 1.4 billion barrels of annual crude oil primary distillation capacity and more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 80%.

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