Eni SpA (WBO:ENI) Interest Expense : €-7,757 Mil (TTM As of Mar. 2024)

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What is Eni SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Eni SpA's interest expense for the three months ended in Mar. 2024 was € -1,825 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-7,757 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. Eni SpA's Operating Income for the three months ended in Mar. 2024 was € 2,589 Mil. Eni SpA's Interest Expense for the three months ended in Mar. 2024 was € -1,825 Mil. Eni SpA's Interest Coverage for the quarter that ended in Mar. 2024 was 1.42. 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.

Eni SpA Interest Expense Historical Data

The historical data trend for Eni SpA'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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Eni SpA Interest Expense Chart

Eni SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4,079.00

-4,958.00

-4,216.00

-9,333.00

-8,113.00

Eni SpA 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															-2,181.00	-1,371.00	-2,126.00	-2,435.00	-1,825.00

Eni SpA 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-7,757 Mil.

Eni SpA (WBO:ENI) 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.

Eni SpA's Interest Expense for the three months ended in Mar. 2024 was €-1,825 Mil. Its Operating Income for the three months ended in Mar. 2024 was €2,589 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €26,910 Mil.

Eni SpA'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	*	2589	/	-1825
	=	1.42

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

Eni SpA (WBO:ENI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (WBO:ENI) » Definitions » Interest Expense

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Traded in Other Exchanges

EIPAF:USA E:USA ENI:Italy 0TD2:UK ENIm:UK 0N9S:UK ENI:Germany E:Argentina

Address

1, Piazzale Enrico Mattei, Rome, ITA, 00144

Website

https://www.eni.com

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, the company produced 0.8 million barrels of liquids and 4.5 billion cubic feet of natural gas per day. At end-2022, Eni held reserves of 6.6 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.

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