ADNOC Gas (ADX:ADNOCGAS) Interest Expense : د.إ Mil (TTM As of Dec. 2023)

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What is ADNOC Gas Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ADNOC Gas's interest expense for the six months ended in Dec. 2023 was د.إ -310 Mil. ADNOC Gas does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2023.

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. ADNOC Gas's Operating Income for the six months ended in Dec. 2023 was د.إ 19,150 Mil. ADNOC Gas's Interest Expense for the six months ended in Dec. 2023 was د.إ -310 Mil. ADNOC Gas's Interest Coverage for the quarter that ended in Dec. 2023 was 61.74. 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.

ADNOC Gas Interest Expense Historical Data

The historical data trend for ADNOC Gas'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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ADNOC Gas Interest Expense Chart

ADNOC Gas Annual Data

Trend

Dec20

Dec21

Dec23

Interest Expense

-235.07

-190.99

-310.19

ADNOC Gas Semi-Annual Data
	Dec20	Dec21	Dec23
Interest Expense	-235.07	-190.99	-310.19

ADNOC Gas Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

ADNOC Gas (ADX:ADNOCGAS) 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.

ADNOC Gas's Interest Expense for the six months ended in Dec. 2023 was د.إ-310 Mil. Its Operating Income for the six months ended in Dec. 2023 was د.إ19,150 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was د.إ104 Mil.

ADNOC Gas'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	*	19150.028	/	-310.188
	=	61.74

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. ADNOC Gas PLC has enough cash to cover all of its debt. Its financial situation is stable.

ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Gas PLC (ADX:ADNOCGAS) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Corniche Road West, P.O. Box 898, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Gas PLC is an integrated gas processing company. It is responsible for operations, maintenance, and marketing across ADNOC's downstream gas processing, liquified natural gas (LNG), and industrial gases businesses.

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