TotalEnergies Marketing Nigeria (NSA:TOTL) Interest Expense : ₦-6,961 Mil (TTM As of Dec. 2023)

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What is TotalEnergies Marketing Nigeria Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TotalEnergies Marketing Nigeria's interest expense for the three months ended in Dec. 2023 was ₦ -4,575 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₦-6,961 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. 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. 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 Expense Historical Data

The historical data trend for TotalEnergies Marketing Nigeria'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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TotalEnergies Marketing Nigeria Interest Expense Chart

TotalEnergies Marketing Nigeria Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7,901.01

-2,892.37

-1,769.66

-5,392.20

-10,200.60

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 Expense	Get a 7-Day Free Trial															-1,164.80	-1,410.38	-2,055.38	-2,385.68	-4,575.00

TotalEnergies Marketing Nigeria 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦-6,961 Mil.

TotalEnergies Marketing Nigeria (NSA:TOTL) 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.

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

TotalEnergies Marketing Nigeria'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	*	7689.932	/	-4574.996
	=	1.68

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

TotalEnergies Marketing Nigeria Business Description

Industry

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

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Address

4 Churchgate Street, P.M.B 2143, Total Energies 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.