Marathon Oil (STU:USS) Interest Expense : €-299 Mil (TTM As of Mar. 2024)

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What is Marathon Oil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Marathon Oil's interest expense for the three months ended in Mar. 2024 was € -63 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-299 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. Marathon Oil's Operating Income for the three months ended in Mar. 2024 was € 398 Mil. Marathon Oil's Interest Expense for the three months ended in Mar. 2024 was € -63 Mil. Marathon Oil's Interest Coverage for the quarter that ended in Mar. 2024 was 6.28. 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.

Marathon Oil Interest Expense Historical Data

The historical data trend for Marathon 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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Marathon Oil Interest Expense Chart

Marathon Oil Annual Data

Trend

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Dec23

Interest Expense

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-252.00

-229.34

-227.45

-214.29

-314.53

Marathon Oil 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															-76.59	-84.92	-88.08	-62.36	-63.48

Marathon 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-299 Mil.

Marathon Oil (STU:USS) 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.

Marathon Oil's Interest Expense for the three months ended in Mar. 2024 was €-63 Mil. Its Operating Income for the three months ended in Mar. 2024 was €398 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €4,212 Mil.

Marathon Oil'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	*	398.36	/	-63.48
	=	6.28

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

Marathon Oil (STU:USS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Oil Corp (STU:USS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MRO:USA MRO:Mexico USS:Germany M1RO34:Brazil

Address

990 Town and Country Boulevard, Houston, TX, USA, 77024-2217

Website

https://www.marathonoil.com

Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 343 thousand barrels of oil equivalent per day in 2022 at a ratio of 70% oil and NGLs and 30% natural gas.

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