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Saudi Arabian Oil Co (SAU:2222) Interest Expense : ﷼-10,540 Mil (TTM As of Dec. 2024)


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What is Saudi Arabian Oil Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Saudi Arabian Oil Co's interest expense for the three months ended in Dec. 2024 was ﷼ -2,921 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ﷼-10,540 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. Saudi Arabian Oil Co's Operating Income for the three months ended in Dec. 2024 was ﷼ 173,311 Mil. Saudi Arabian Oil Co's Interest Expense for the three months ended in Dec. 2024 was ﷼ -2,921 Mil. Saudi Arabian Oil Co's Interest Coverage for the quarter that ended in Dec. 2024 was 59.33. 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.

Saudi Arabian Oil Co Interest Expense Historical Data

The historical data trend for Saudi Arabian Oil 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.

* Premium members only.

Saudi Arabian Oil Co Interest Expense Chart

Saudi Arabian Oil Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial Premium Member Only -10,564.00 -12,058.00 -8,882.00 -8,186.00 -10,540.00

Saudi Arabian Oil Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -905.00 -3,025.00 -2,332.00 -2,262.00 -2,921.00

Saudi Arabian Oil 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼-10,540 Mil.

* 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.

Saudi Arabian Oil Co  (SAU:2222) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Saudi Arabian Oil Co's Interest Expense for the three months ended in Dec. 2024 was ﷼-2,921 Mil. Its Operating Income for the three months ended in Dec. 2024 was ﷼173,311 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ﷼261,733 Mil.

Saudi Arabian Oil Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*173311/-2921
=59.33

* 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.

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

Saudi Arabian Oil Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saudi Arabian Oil Co (SAU:2222) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
P.O. Box 5000, Dhahran, SAU, 31311
Website
https://www.aramco.com
Saudi Aramco is the national oil company of Saudi Arabia and holds the exclusive right to explore for, produce, and refine the country's hydrocarbons. It is the largest oil and gas producer in the world with a production volume of 12.8 mmboe/d in 2023, including 10.7 mmboe/d of liquids. Its 4.1 mmb/d in net refining capacity makes it the world's fourth-largest refiner. It also owns 59.6 million metric tons of chemical manufacturing capacity, placing it among the top five global chemical companies.

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