Suncor Energy (TSX:SU) Interest Expense : C$-789 Mil (TTM As of Dec. 2023)

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What is Suncor Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Suncor Energy's interest expense for the three months ended in Dec. 2023 was C$ -197 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-789 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. Suncor Energy's Operating Income for the three months ended in Dec. 2023 was C$ 2,345 Mil. Suncor Energy's Interest Expense for the three months ended in Dec. 2023 was C$ -197 Mil. Suncor Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 11.90. 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.

Suncor Energy Interest Expense Historical Data

The historical data trend for Suncor 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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Suncor Energy Interest Expense Chart

Suncor Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-989.00

-1,036.00

-961.00

-906.00

-786.00

Suncor Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-209.00	-203.00	-192.00	-197.00	-197.00

Suncor 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-789 Mil.

Suncor Energy (TSX:SU) 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.

Suncor Energy's Interest Expense for the three months ended in Dec. 2023 was C$-197 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$2,345 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$14,565 Mil.

Suncor Energy'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	*	2345	/	-197
	=	11.90

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

Suncor Energy (TSX:SU) Business Description

Industry

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Address

150 - 6th Avenue S.W., P.O. Box 2844, Calgary, AB, CAN, T2P 3E3

Website

https://www.suncor.com

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's Petro-Canada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.