ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Interest Expense : د.إ-324 Mil (TTM As of Mar. 2024)

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What is ADNOC Drilling Company PJSC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ADNOC Drilling Company PJSC's interest expense for the three months ended in Mar. 2024 was د.إ -110 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ-324 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. ADNOC Drilling Company PJSC's Operating Income for the three months ended in Mar. 2024 was د.إ 1,201 Mil. ADNOC Drilling Company PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ -110 Mil. ADNOC Drilling Company PJSC's Interest Coverage for the quarter that ended in Mar. 2024 was 10.96. 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.

ADNOC Drilling Company PJSC Interest Expense Historical Data

The historical data trend for ADNOC Drilling Company PJSC'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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ADNOC Drilling Company PJSC Interest Expense Chart

ADNOC Drilling Company PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-195.87

-93.10

-65.01

-128.12

-273.92

ADNOC Drilling Company PJSC Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial												-59.98	-59.69	-61.27	-92.99	-109.65

ADNOC Drilling Company PJSC 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 د.إ-324 Mil.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) 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.

ADNOC Drilling Company PJSC's Interest Expense for the three months ended in Mar. 2024 was د.إ-110 Mil. Its Operating Income for the three months ended in Mar. 2024 was د.إ1,201 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was د.إ8,247 Mil.

ADNOC Drilling Company PJSC'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	*	1201.269	/	-109.647
	=	10.96

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

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

P.O Box 4017, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Drilling Company PJSC is engaged in providing drilling services and supporting marine equipment, and the hiring out of onshore and offshore drilling rigs on behalf of related parties involved in onshore and offshore oil and gas exploration. The operating business segments are Onshore, Offshore Jack-up, Offshore Island, and OilField Service, with maximum revenue from Onshore segment.

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