OMV Petrom (BSE:SNP) Interest Expense : lei-711 Mil (TTM As of Mar. 2024)

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What is OMV Petrom Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OMV Petrom's interest expense for the three months ended in Mar. 2024 was lei -153 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was lei-711 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. OMV Petrom's Operating Income for the three months ended in Mar. 2024 was lei 1,597 Mil. OMV Petrom's Interest Expense for the three months ended in Mar. 2024 was lei -153 Mil. OMV Petrom's Interest Coverage for the quarter that ended in Mar. 2024 was 10.47. 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.

OMV Petrom Interest Expense Historical Data

The historical data trend for OMV Petrom'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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OMV Petrom Interest Expense Chart

OMV Petrom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-276.98

-295.44

-464.74

-725.86

-722.22

OMV Petrom Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-163.54	-146.52	-234.95	-177.21	-152.54

OMV Petrom 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was lei-711 Mil.

OMV Petrom (BSE:SNP) 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.

OMV Petrom's Interest Expense for the three months ended in Mar. 2024 was lei-153 Mil. Its Operating Income for the three months ended in Mar. 2024 was lei1,597 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was lei507 Mil.

OMV Petrom's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1597.4	/	-152.54
	=	10.47

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

OMV Petrom (BSE:SNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » OMV Petrom SA (BSE:SNP) » Definitions » Interest Expense

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Address

22 Coralilor Street, District 1, Bucharest, ROU, 013329

Website

https://www.omvpetrom.com

OMV Petrom SA is an integrated oil and gas company operating in Romania. The company has three segments. The exploration & Production segment consists of the exploration, development, & production of crude oil, & natural gas. The refining & Marketing segment produces & delivers gasoline, diesel & other petroleum products to its customers, while through filling stations networks offers also a variety of services & non-oil business (NOB) goods. The gas business unit, part of the Gas & Power segment, has the objective to focus on gas sales, & becoming a regional player. Business division Power, part of the Gas & Power segment, mainly extends the gas value chain into a gas-fired power plant. The majority is from Refining & marketing segment. Geographically, key revenue is from Romania.

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