Santos (ASX:STO) Interest Expense : A$-434 Mil (TTM As of Dec. 2023)

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What is Santos Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Santos's interest expense for the six months ended in Dec. 2023 was A$ -208 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-434 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. Santos's Operating Income for the six months ended in Dec. 2023 was A$ 1,192 Mil. Santos's Interest Expense for the six months ended in Dec. 2023 was A$ -208 Mil. Santos's Interest Coverage for the quarter that ended in Dec. 2023 was 5.74. 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.

Santos Interest Expense Historical Data

The historical data trend for Santos'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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Santos Interest Expense Chart

Santos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-428.34

-308.10

-285.19

-403.10

-434.75

Santos Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-139.80	-160.80	-235.64	-226.48	-207.67

Santos 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 semi-annually data reported by the company within the most recent 12 months, which was A$-434 Mil.

Santos (ASX:STO) 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.

Santos's Interest Expense for the six months ended in Dec. 2023 was A$-208 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$1,192 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$7,954 Mil.

Santos'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	*	1192.212	/	-207.666
	=	5.74

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

Santos (ASX:STO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Santos Ltd (ASX:STO) » Definitions » Interest Expense

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STOSF:USA SSLZY:USA STS1:Germany

Address

60 Flinders Street, Ground Floor Santos Centre, Adelaide, SA, AUS, 5000

Website

https://www.santos.com

Santos was founded in 1954. The company's name is an acronym for South Australia Northern Territory Oil Search. The first Cooper Basin gas discovery came in 1963, with initial supplies in 1969. Santos became a major enterprise, though over-reliance on the Cooper Basin, along with the Moomba field's inexorable decline, saw it struggle to maintain relevance in the first decade of the 21st century. However, the stage was set for a renaissance via conversion of coal seam gas into LNG in Queensland and conventional gas to LNG in PNG.

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