Baker Hughes Co (Baker Hughes Co) Interest Expense : $-193 Mil (TTM As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Baker Hughes Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Baker Hughes Co's interest expense for the three months ended in Mar. 2024 was $ -41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-193 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. Baker Hughes Co's Operating Income for the three months ended in Mar. 2024 was $ 660 Mil. Baker Hughes Co's Interest Expense for the three months ended in Mar. 2024 was $ -41 Mil. Baker Hughes Co's Interest Coverage for the quarter that ended in Mar. 2024 was 16.10. 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.

Baker Hughes Co Interest Expense Historical Data

The historical data trend for Baker Hughes 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.

Baker Hughes Co Interest Expense Chart

Baker Hughes Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-237.00

-264.00

-299.00

-252.00

-216.00

Baker Hughes Co 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															-64.00	-58.00	-49.00	-45.00	-41.00

Baker Hughes 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-193 Mil.

Baker Hughes Co (NAS:BKR) 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.

Baker Hughes Co's Interest Expense for the three months ended in Mar. 2024 was $-41 Mil. Its Operating Income for the three months ended in Mar. 2024 was $660 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $5,858 Mil.

Baker Hughes Co'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	*	660	/	-41
	=	16.10

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

Baker Hughes Co (Baker Hughes Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Baker Hughes Co (NAS:BKR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

BKR:Mexico 68V:Germany 68V:Germany 68V:Germany B1KR34:Brazil BKR:Austria

Address

17021 Aldine Westfield Road, Houston, TX, USA, 77073-5101

Website

https://www.bakerhughes.com

Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. It maintains modest exposure to offshore oil and gas production. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.

Executives

Maria C Borras	officer: EVP, Oilfield Services & Equip	2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019
Regina Jones	officer: Chief Legal Officer	7102 COMMERCE WAY, BRENTWOOD TN 37027
Lorenzo Simonelli	director, officer: Chairman, President and CEO	17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
James E Apostolides	officer: SVP, Enterprise Op Excellence	17021 ALDINE WESTFIELD RD, HOUSTON TX 77073
Rebecca L Charlton	officer: SVP, Controller & CAO	17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
Nelda J Connors	director	BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Mohsen Sohi	director	C/O STERIS CORPORATION, 5960 HEISLEY ROAD, MENTOR OH 44060
Michael R Dumais	director	870 WINTER STREET, WALTHAM MA 02451
William G Beattie	director	GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
John G Rice	director	GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Lynn Laverty Elsenhans	director	6400 POPLAR AVENUE, MEMPHIS TN 38197
Cynthia B Carroll	director	C/O ALCAN INC., 1188 SHERBROOKE STREET WEST, MONTREAL A8 H3A 3G2
Gregory D Brenneman	director
Kurt Camilleri	officer: SVP/Controller/Chief Acctg Off	17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
Sreeganesh Ramaswamy	officer: EVP, Industrial & Energy Tech	5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209