Marathon Petroleum (WBO:MPC) Interest Expense : €-1,174 Mil (TTM As of Dec. 2023)

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What is Marathon Petroleum Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Marathon Petroleum's interest expense for the three months ended in Dec. 2023 was € -292 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-1,174 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. Marathon Petroleum's Operating Income for the three months ended in Dec. 2023 was € 1,675 Mil. Marathon Petroleum's Interest Expense for the three months ended in Dec. 2023 was € -292 Mil. Marathon Petroleum's Interest Coverage for the quarter that ended in Dec. 2023 was 5.75. 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.

Marathon Petroleum Interest Expense Historical Data

The historical data trend for Marathon Petroleum'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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Marathon Petroleum Interest Expense Chart

Marathon Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,107.90

-1,095.73

-1,121.30

-1,128.08

-1,160.01

Marathon Petroleum 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															-288.86	-290.47	-291.67	-299.84	-291.61

Marathon Petroleum 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 €-1,174 Mil.

Marathon Petroleum (WBO:MPC) 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.

Marathon Petroleum's Interest Expense for the three months ended in Dec. 2023 was €-292 Mil. Its Operating Income for the three months ended in Dec. 2023 was €1,675 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €23,927 Mil.

Marathon Petroleum'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	*	1675.359	/	-291.606
	=	5.75

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

Marathon Petroleum (WBO:MPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Petroleum Corp (WBO:MPC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MPC:USA MPC:Mexico MPN:Germany M1PC34:Brazil

Address

539 South Main Street, Findlay, OH, USA, 45840-3229

Website

https://www.marathonpetroleum.com

Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.9 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.