Tullow Oil (STU:TQW) Interest Expense : €-301 Mil (TTM As of Dec. 2023)

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What is Tullow Oil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tullow Oil's interest expense for the six months ended in Dec. 2023 was € -154 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-301 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. Tullow Oil's Operating Income for the six months ended in Dec. 2023 was € 367 Mil. Tullow Oil's Interest Expense for the six months ended in Dec. 2023 was € -154 Mil. Tullow Oil's Interest Coverage for the quarter that ended in Dec. 2023 was 2.39. 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.

Tullow Oil Interest Expense Historical Data

The historical data trend for Tullow Oil'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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Tullow Oil Interest Expense Chart

Tullow Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-289.44

-257.70

-298.25

-316.43

-300.50

Tullow Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-156.65	-160.44	-156.33	-147.87	-153.60

Tullow Oil 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 semi-annually data reported by the company within the most recent 12 months, which was €-301 Mil.

Tullow Oil (STU:TQW) 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.

Tullow Oil's Interest Expense for the six months ended in Dec. 2023 was €-154 Mil. Its Operating Income for the six months ended in Dec. 2023 was €367 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €2,481 Mil.

Tullow Oil'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	*	366.892	/	-153.597
	=	2.39

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Tullow Oil PLC interest coverage is 2.23, which is low.

Tullow Oil (STU:TQW) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tullow Oil PLC (STU:TQW) » Definitions » Interest Expense

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TUWOY:USA TUWLF:USA TLW:Ghana TLWl:UK TLW:UK

Address

566 Chiswick High Road, Building 9 Chiswick Park, London, GBR, W4 5XT

Website

https://www.tullowoil.com

Tullow Oil PLC is an independent oil and gas exploration and production company. The company conducts exploration, appraisal, and development activities in African and Atlantic regions. The majority of revenue is derived from West African assets, with a focus in offshore fields. Assets used in oil and gas production are acquired through licenses. Tullow depends on seismic and geophysical data to assess potential oil in its fields. The Group's reportable segment are Ghana, Non-operated, Kenya and Exploration. Traditionally, the company has paid the host government several taxes as well as land rentals, training, and ongoing license costs to operate in its primary regions.

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