Petrol AD (XBUL:PET) Interest Expense : лв-2.3 Mil (TTM As of Mar. 2023)

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What is Petrol AD Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Petrol AD's interest expense for the three months ended in Mar. 2023 was лв -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was лв-2.3 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. Petrol AD's Operating Income for the three months ended in Mar. 2023 was лв 123.2 Mil. Petrol AD's Interest Expense for the three months ended in Mar. 2023 was лв -1.4 Mil. Petrol AD's Interest Coverage for the quarter that ended in Mar. 2023 was 88.47. 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.

Petrol AD Interest Expense Historical Data

The historical data trend for Petrol AD'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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Petrol AD Interest Expense Chart

Petrol AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-2.86

-3.98

-4.40

-3.85

-5.00

Petrol AD Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
Interest Expense	Get a 7-Day Free Trial															-0.54	-0.96	-0.92	-	-1.39

Petrol AD 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was лв-2.3 Mil.

Petrol AD (XBUL:PET) 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.

Petrol AD's Interest Expense for the three months ended in Mar. 2023 was лв-1.4 Mil. Its Operating Income for the three months ended in Mar. 2023 was лв123.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was лв49.8 Mil.

Petrol AD's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	123.244	/	-1.393
	=	88.47

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

Petrol AD (XBUL:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrol AD (XBUL:PET) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

bul. Cherni vrah 43, rayon Lozenets, Sofia, BGR, 1407

Website

http://www.petrol.bg

Petrol AD is engaged in the distribution of fuels in Bulgaria. Its other business activities comprise selling of fuel at retail and wholesale, storage of fuels and maintenance of fuel sales facilities.