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Oil & Natural Gas (BOM:500312) Interest Expense : ₹-101,942 Mil (TTM As of Mar. 2024)


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What is Oil & Natural Gas Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oil & Natural Gas's interest expense for the three months ended in Mar. 2024 was ₹ -26,828 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-101,942 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. Oil & Natural Gas's Operating Income for the three months ended in Mar. 2024 was ₹ 169,139 Mil. Oil & Natural Gas's Interest Expense for the three months ended in Mar. 2024 was ₹ -26,828 Mil. Oil & Natural Gas's Interest Coverage for the quarter that ended in Mar. 2024 was 6.30. 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.

Oil & Natural Gas Interest Expense Historical Data

The historical data trend for Oil & Natural Gas'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.

Oil & Natural Gas Interest Expense Chart

Oil & Natural Gas Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -39,516.31 -41,862.44 -43,450.07 -78,893.60 -101,941.70

Oil & Natural Gas 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 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 -20,681.10 -23,639.40 -26,033.40 -25,441.20 -26,827.70

Oil & Natural Gas 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 ₹-101,942 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.

Oil & Natural Gas  (BOM:500312) 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.

Oil & Natural Gas's Interest Expense for the three months ended in Mar. 2024 was ₹-26,828 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹169,139 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,034,574 Mil.

Oil & Natural Gas'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*169139/-26827.7
=6.30

* 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.

Oil & Natural Gas (BOM:500312) Business Description

Industry
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Traded in Other Exchanges
ONGC:India
Address
Plot No. 5A-5B, Nelson Mandela Road, Deendayal Urja Bhawan, Vasant Kunj, New Delhi, IND, 110070
Website
https://www.ongcindia.com
Oil & Natural Gas Corp Ltd is an Indian-based company. It engages in the exploration, development, and production of oil and natural gas. The company operates onshore and offshore fields globally through joint ventures and partnerships. Crude oil production has been the lead revenue generator, with Russian assets providing the most production. Apart from the exploration and production operations, it engages in the transportation and refining of hydrocarbon products. Oil and Natural Gas Corp carries out its business as a public sector undertaking for the Government of India.

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