Coterra Energy (BSP:C1OG34) Interest Expense : R$-457 Mil (TTM As of Mar. 2024)

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What is Coterra Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Coterra Energy's interest expense for the three months ended in Mar. 2024 was R$ -115 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-457 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. Coterra Energy's Operating Income for the three months ended in Mar. 2024 was R$ 2,196 Mil. Coterra Energy's Interest Expense for the three months ended in Mar. 2024 was R$ -115 Mil. Coterra Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 19.17. 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.

Coterra Energy Interest Expense Historical Data

The historical data trend for Coterra 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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Coterra Energy Interest Expense Chart

Coterra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-225.75

-277.81

-350.60

-592.73

-445.88

Coterra Energy 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															-109.38	-101.93	-98.77	-142.09	-114.54

Coterra 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-457 Mil.

Coterra Energy (BSP:C1OG34) 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.

Coterra Energy's Interest Expense for the three months ended in Mar. 2024 was R$-115 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$2,196 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$11,404 Mil.

Coterra Energy'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	*	2196.092	/	-114.535
	=	19.17

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

Coterra Energy (BSP:C1OG34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coterra Energy Inc (BSP:C1OG34) » Definitions » Interest Expense

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Traded in Other Exchanges

CTRA:USA COG:Mexico XCQ:Germany

Address

840 Gessner Road, Suite 1400, Three Memorial City Plaza, Houston, TX, USA, 77024

Website

https://www.coterra.com

Coterra is an independent exploration and production company with operations in Appalachia, the Permian Basin, and Oklahoma. It was formed after the 2021 merger with Cabot and Cimarex. At year-end 2022, Coterra's proved reserves were 2.4 billion barrels of oil equivalent, with net production that year of approximately 633 million barrels of oil equivalent per day (of which 74% was natural gas).

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