SM Energy Co (LTS:0KZA) Interest Expense : $-91 Mil (TTM As of Mar. 2024)

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What is SM Energy Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SM Energy Co's interest expense for the three months ended in Mar. 2024 was $ -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-91 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. SM Energy Co's Operating Income for the three months ended in Mar. 2024 was $ 207 Mil. SM Energy Co's Interest Expense for the three months ended in Mar. 2024 was $ -22 Mil. SM Energy Co's Interest Coverage for the quarter that ended in Mar. 2024 was 9.44. 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.

SM Energy Co Interest Expense Historical Data

The historical data trend for SM Energy Co'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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SM Energy Co Interest Expense Chart

SM Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-159.10

-163.89

-160.35

-120.35

-91.63

SM Energy Co 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															-22.46	-22.15	-23.11	-23.92	-21.87

SM Energy Co 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 $-91 Mil.

SM Energy Co (LTS:0KZA) 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.

SM Energy Co's Interest Expense for the three months ended in Mar. 2024 was $-22 Mil. Its Operating Income for the three months ended in Mar. 2024 was $207 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,576 Mil.

SM Energy Co'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	*	206.54	/	-21.873
	=	9.44

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

SM Energy Co (LTS:0KZA) Business Description

Industry

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SM:USA SJL:Germany

Address

1700 Lincoln Street, Suite 3200, Denver, CO, USA, 80203

Website

https://sm-energy.com

SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.

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