NTOIF (Neste OYJ) Interest Expense : $-145 Mil (TTM As of Sep. 2024)

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What is Neste OYJ Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Neste OYJ's interest expense for the three months ended in Sep. 2024 was $ -43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-145 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. Neste OYJ's Operating Income for the three months ended in Sep. 2024 was $ 211 Mil. Neste OYJ's Interest Expense for the three months ended in Sep. 2024 was $ -43 Mil. Neste OYJ's Interest Coverage for the quarter that ended in Sep. 2024 was 4.87. 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.

Neste OYJ Interest Expense Historical Data

The historical data trend for Neste OYJ'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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Neste OYJ Interest Expense Chart

Neste OYJ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-51.11

-51.10

-53.11

-56.14

-128.68

Neste OYJ Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-42.69	-20.72	-39.13	-41.98	-43.29

Neste OYJ 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-145 Mil.

Neste OYJ (OTCPK:NTOIF) 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.

Neste OYJ's Interest Expense for the three months ended in Sep. 2024 was $-43 Mil. Its Operating Income for the three months ended in Sep. 2024 was $211 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $4,650 Mil.

Neste OYJ's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	210.877	/	-43.285
	=	4.87

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

Neste OYJ Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Neste OYJ (OTCPK:NTOIF) » Definitions » Interest Expense

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Traded in Other Exchanges

NTOIY:USA 1NESTE:Italy NESTEh:UK 0O46:UK NESTE:Finland NEF:Germany

Address

Keilaranta 21, P.O. Box 95, Neste, Espoo, FIN, 00095

Website

https://www.neste.com

Neste OYJ Formerly Neste Corp. offers renewable products and solutions and oil products to a host of global markets. Its business is divided into various segments, including oil products, renewable products, marketing and services and others. Oil products is the largest contributor of revenue; it caters to oil companies and businesses that market oil, lubricants, and fuel products. Neste's oil products business includes diesel fuels, gasoline, aviation and marine fuels, and light and heavy fuel oils. Neste is heavily involved in the Baltic region with its network of service stations and refineries.