PJSC Lukoil (LSE:31KX) Interest Coverage: 118.67 (As of Sep. 2023) — 525% Above Median


What is PJSC Lukoil Interest Coverage?

PJSC Lukoil LSE:31KX 17 Interest Coverage is 118.67 as of Sep. 2023, which is 525% above its 10-year median of 19.00. GuruFocus rates LSE:31KX with a GF Score™ of 17/100. The stock has 6 warning signs investors should review.

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 by its Interest Expense. PJSC Lukoil's Operating Income for the three months ended in Sep. 2023 was £1,435.48 Mil. PJSC Lukoil's Interest Expense for the three months ended in Sep. 2023 was £-12.10 Mil. PJSC Lukoil's interest coverage for the quarter that ended in Sep. 2023 was 118.67. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for PJSC Lukoil's Interest Coverage or its related term are showing as below:

LSE:31KX' s Interest Coverage Range Over the Past 10 Years
Min: 7.42   Med: 19   Max: 60.88
Current: 154.84


LSE:31KX's Interest Coverage is not ranked
in the Oil & Gas industry.
Industry Median: 5.88 vs LSE:31KX: 154.84

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


PJSC Lukoil  (LSE:31KX) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


PJSC Lukoil Interest Coverage Related Terms


PJSC Lukoil Interest Coverage Historical Data

* Premium members only.

The historical data trend for PJSC Lukoil's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

PJSC Lukoil Interest Coverage Chart

PJSC Lukoil Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.88 20.91 7.42 16.92 60.88

PJSC Lukoil Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 97.07 201.55 70.48 270.95 118.67

LSE:31KX vs XOM, CVX: Interest Coverage Comparison

For the Oil & Gas Integrated subindustry, PJSC Lukoil's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PJSC Lukoil Interest Coverage vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PJSC Lukoil's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PJSC Lukoil's Interest Coverage falls into.



PJSC Lukoil Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

PJSC Lukoil's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, PJSC Lukoil's Interest Expense was £-206.30 Mil. Its Operating Income was £12,560.08 Mil. And its Long-Term Debt & Capital Lease Obligation was £1,051.59 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2022 )/Interest Expense (A: Dec. 2022 )
=-1*12560.08/-206.302
=60.88

PJSC Lukoil's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Here, for the three months ended in Sep. 2023, PJSC Lukoil's Interest Expense was £-12.10 Mil. Its Operating Income was £1,435.48 Mil. And its Long-Term Debt & Capital Lease Obligation was £909.74 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2023 )/Interest Expense (Q: Sep. 2023 )
=-1*1435.483/-12.096
=118.67

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 118.67 mean?
PJSC Lukoil (LSE:31KX) has a Interest Coverage of 118.67 as of Sep. 2023. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on PJSC Lukoil and its competitors. This is 525% above median its historical median of 19.00. Over the past decade, PJSC Lukoil's Interest Coverage has ranged from 7.42 to 60.88.
Is PJSC Lukoil's Interest Coverage too high?
PJSC Lukoil's current Interest Coverage of 118.67 is 525% above median its 10-year median of 19.00. Over the past 10 years, this metric has ranged from a low of 7.42 to a high of 60.88. The Oil & Gas industry median Interest Coverage is 5.88. PJSC Lukoil's value of 118.67 is 1918.2% above this industry median. Overall, PJSC Lukoil has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PJSC Lukoil's Interest Coverage compare to XOM and CVX?
PJSC Lukoil's Interest Coverage of 118.67 can be compared against companies in the Oil & Gas industry. The industry median Interest Coverage is 5.88. PJSC Lukoil's value of 118.67 is 1918.2% above this benchmark. Historically, PJSC Lukoil's own Interest Coverage has ranged from 7.42 to 60.88 over the past decade. While the company's 10-year median is 19.00 vs. the industry median of 5.88, PJSC Lukoil has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.88, based on 729 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PJSC Lukoil's current Interest Coverage of 118.67 is 1918.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on PJSC Lukoil and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJSC Lukoil's current Interest Coverage is 118.67, which is 525% above median its own 10-year median of 19.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJSC Lukoil stock overvalued right now?
PJSC Lukoil (LSE:31KX) has a current Interest Coverage of 118.67. The current Interest Coverage is 118.67, which is 525% above median its 10-year median of 19.00 and 1918.2% above the Oil & Gas industry median of 5.88. PJSC Lukoil's overall GF Score™ is 17/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For PJSC Lukoil (LSE:31KX), the current Interest Coverage is 118.67 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PJSC Lukoil Business Description

Industry EnergyOil & Gas
Address 11, Sretensky Boulevard, Moscow, RUS, 101000
PJSC Lukoil directs the financial decisions and operations of the main group's subsidiaries. Altogether, Lukoil is an integrated oil company that has exposure to the entire range of activities in the oil and gas cycle from exploration to sales of refined products. Exploration and production activities are conducted with assets located in Russia, Iraq, and Uzbekistan, on offshore and onshore fields. Lukoil brings an array of petroleum products to the market through its refinery unit, including gasoline, medium distillates, dark petroleum products, lubricants, and other related products. Russia constitutes a significant portion of the group's distribution network; however, its products penetrate a number of different markets in Europe and the Americas.