TotalEnergies Marketing Nigeria (NSA:TOTL) Interest Coverage : 1.68 (As of Dec. 2023)

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What is TotalEnergies Marketing Nigeria Interest Coverage?

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. TotalEnergies Marketing Nigeria's Operating Income for the three months ended in Dec. 2023 was ₦7,690 Mil. TotalEnergies Marketing Nigeria's Interest Expense for the three months ended in Dec. 2023 was ₦-4,575 Mil. TotalEnergies Marketing Nigeria's interest coverage for the quarter that ended in Dec. 2023 was 1.68. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for TotalEnergies Marketing Nigeria's Interest Coverage or its related term are showing as below:

NSA:TOTL' s Interest Coverage Range Over the Past 10 Years
Min: 0.94 Med: 3.54 Max: 33.5
Current: 2.26

NSA:TOTL's Interest Coverage is ranked worse than
81.52% of 752 companies
in the Oil & Gas industry
Industry Median: 6.575 vs NSA:TOTL: 2.26

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

TotalEnergies Marketing Nigeria Interest Coverage Historical Data

The historical data trend for TotalEnergies Marketing Nigeria'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.

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TotalEnergies Marketing Nigeria Interest Coverage Chart

TotalEnergies Marketing Nigeria Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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0.94

10.23

12.21

4.48

3.02

TotalEnergies Marketing Nigeria Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Jun22	Sep22	Dec22	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															5.39	4.15	2.78	3.39	1.68

Competitive Comparison of TotalEnergies Marketing Nigeria's Interest Coverage

For the Oil & Gas Refining & Marketing subindustry, TotalEnergies Marketing Nigeria'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.

TotalEnergies Marketing Nigeria's Interest Coverage Distribution in the Oil & Gas Industry

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

* The bar in red indicates where TotalEnergies Marketing Nigeria's Interest Coverage falls into.

TotalEnergies Marketing Nigeria 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.

TotalEnergies Marketing Nigeria's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, TotalEnergies Marketing Nigeria's Interest Expense was ₦-10,201 Mil. Its Operating Income was ₦30,783 Mil. And its Long-Term Debt & Capital Lease Obligation was ₦469 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	30783.404	/	-10200.597
	=	3.02

TotalEnergies Marketing Nigeria's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, TotalEnergies Marketing Nigeria's Interest Expense was ₦-4,575 Mil. Its Operating Income was ₦7,690 Mil. And its Long-Term Debt & Capital Lease Obligation was ₦469 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	7689.932	/	-4574.996
	=	1.68

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

TotalEnergies Marketing Nigeria (NSA:TOTL) 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 .

TotalEnergies Marketing Nigeria Interest Coverage Related Terms

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TotalEnergies Marketing Nigeria Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies Marketing Nigeria PLC (NSA:TOTL) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Churchgate Street, P.M.B. 2134, Total House, Victoria Island, Lagos, NGA

Website

https://www.services.totalenergies.ng

TotalEnergies Marketing Nigeria PLC is engaged in the marketing and distribution of petroleum products. Its operating segment includes the Network segment includes sales to service stations. The General Trade segment is engaged in sales to corporate customers excluding the customers in the aviation industry. Its Aviation segment is engaged in sales to aviation industry customers. The company generates maximum revenue from the Network segment. Geographically, it derives a majority of revenue from Nigeria. Its products categories include Motorcycle Lubricants, Engine Oil for Cars, Engine Oils for Heavy-Duty Engines, and Other Lubricants.