Surgutneftegas PJSC (MIC:SNGS) Interest Coverage: 28.66 (As of Jun. 2023)

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MIC:SNGS Surgutneftegas PJSC MIC:SNGS
17 GF Score
Price ₽15.50
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What is Surgutneftegas PJSC Interest Coverage?

Surgutneftegas PJSC MIC:SNGS +1.94% 17 Interest Coverage is 28.66 as of Jun. 2023. GuruFocus rates MIC:SNGS with a GF Score™ of 17/100.

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. Surgutneftegas PJSC's Operating Income for the six months ended in Jun. 2023 was ₽236,304 Mil. Surgutneftegas PJSC's Interest Expense for the six months ended in Jun. 2023 was ₽-8,244 Mil. Surgutneftegas PJSC's interest coverage for the quarter that ended in Jun. 2023 was 28.66. The higher the ratio, the stronger the company's financial strength is.

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


MIC:SNGS's Interest Coverage is not ranked *
in the Oil & Gas industry.
Industry Median: 5.89
* Ranked among companies with meaningful Interest Coverage only.

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


Surgutneftegas PJSC  (MIC:SNGS) 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 .


Surgutneftegas PJSC Interest Coverage Related Terms


Surgutneftegas PJSC Interest Coverage Historical Data

* Premium members only.

The historical data trend for Surgutneftegas PJSC'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.

Surgutneftegas PJSC Interest Coverage Chart

Surgutneftegas PJSC Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,263,998.36 No Debt 24.78 18.32 8.01

Surgutneftegas PJSC Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Jun23
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 17.15 4.38 12.23 30.93 28.66

MIC:SNGS vs XOM, CVX: Interest Coverage Comparison

For the Oil & Gas Integrated subindustry, Surgutneftegas PJSC'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.


Surgutneftegas PJSC Interest Coverage vs Oil & Gas Industry

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

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


MIC:SNGS
17GF Score
Surgutneftegas PJSC MIC:SNGS
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Surgutneftegas PJSC 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.

Surgutneftegas PJSC's Interest Coverage for the fiscal year that ended in Dec. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Surgutneftegas PJSC's Interest Expense was ₽-20,936 Mil. Its Operating Income was ₽167,668 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽0 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2020 )/Interest Expense (A: Dec. 2020 )
=-1*167668/-20936
=8.01

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

Here, for the six months ended in Jun. 2023, Surgutneftegas PJSC's Interest Expense was ₽-8,244 Mil. Its Operating Income was ₽236,304 Mil. And its Long-Term Debt & Capital Lease Obligation was ₽0 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2023 )/Interest Expense (Q: Jun. 2023 )
=-1*236304/-8244
=28.66

* 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 28.66 mean?
Surgutneftegas PJSC (MIC:SNGS) has a Interest Coverage of 28.66 as of Jun. 2023. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Surgutneftegas PJSC and its competitors.
Is Surgutneftegas PJSC's Interest Coverage too high?
Surgutneftegas PJSC's current Interest Coverage is 28.66. The Oil & Gas industry median Interest Coverage is 5.89. Surgutneftegas PJSC's value of 28.66 is 386.6% above this industry median. Overall, Surgutneftegas PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Surgutneftegas PJSC's Interest Coverage compare to XOM and CVX?
Surgutneftegas PJSC's Interest Coverage of 28.66 can be compared against companies in the Oil & Gas industry. The industry median Interest Coverage is 5.89. Surgutneftegas PJSC's value of 28.66 is 386.6% above this benchmark. 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 5.89, based on 730 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. Surgutneftegas PJSC's current Interest Coverage of 28.66 is 386.6% 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 Surgutneftegas PJSC and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Surgutneftegas PJSC's current Interest Coverage is 28.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surgutneftegas PJSC stock overvalued right now?
Surgutneftegas PJSC (MIC:SNGS) has a current Interest Coverage of 28.66. The current Interest Coverage is 28.66 and 386.6% above the Oil & Gas industry median of 5.89. Surgutneftegas PJSC's overall GF Score™ is 17/100. 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 Surgutneftegas PJSC (MIC:SNGS), the current Interest Coverage is 28.66 as of Jun. 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.

Surgutneftegas PJSC Business Description

Industry EnergyOil & Gas
Address ul. Grigoriya Kukuyevitskogo 1, Building No. 1, Khanty-Mansiysky Autonomous Okrug - Yugra, Tyumenskaya Oblast, Surgut, RUS, 628415
Surgutneftegas PJSC or simply Surgutneftegas, is a Russian-based integrated oil and gas company. The company's operations include exploration, production, refinement, and sales of oil and gas. Upstream, it produces oil and gas from fields concentrated in Eastern and Western Serbia. Much of its upstream revenue comes from exporting crude oil. Downstream, Surgutneftegas refines, markets, distributes and sells refined oil products such as gasoline and diesel fuels. Included in its distribution network are oil storage depots, tanker trucks, and filling stations. Similar to its upstream operations, the majority of downstream revenue comes from exporting refined oil products.
17GF Score

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