Devon Energy (XBUL:DY6) Interest Expense : лв-693 Mil (TTM As of Dec. 2024)

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What is Devon Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Devon Energy's interest expense for the three months ended in Dec. 2024 was лв -221 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was лв-693 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. Devon Energy's Operating Income for the three months ended in Dec. 2024 was лв 1,629 Mil. Devon Energy's Interest Expense for the three months ended in Dec. 2024 was лв -221 Mil. Devon Energy's Interest Coverage for the quarter that ended in Dec. 2024 was 7.37. 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.

Devon Energy Interest Expense Historical Data

The historical data trend for Devon Energy'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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Devon Energy Interest Expense Chart

Devon Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-447.50

-670.38

-639.28

-637.56

-692.85

Devon Energy 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															-150.32	-150.32	-152.05	-169.32	-221.16

Devon Energy 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 лв-693 Mil.

Devon Energy (XBUL:DY6) 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.

Devon Energy's Interest Expense for the three months ended in Dec. 2024 was лв-221 Mil. Its Operating Income for the three months ended in Dec. 2024 was лв1,629 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was лв15,063 Mil.

Devon Energy'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	*	1629.311	/	-221.158
	=	7.37

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

Devon Energy Business Description

Industry

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DVN:USA DVN:Mexico 1DY6:Italy DY6d:UK 0I8W:UK DY6:Germany DY6:Germany DY6:Germany D1VN34:Brazil DVN:Austria

Address

333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015

Website

https://www.devonenergy.com

Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2024, Devon reported net proved reserves of 2.2 billion barrels of oil equivalent. Net production averaged roughly 848,000 barrels of oil equivalent per day in 2024 at a ratio of 73% oil and natural gas liquids and 27% natural gas.

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