Diamondback Energy (BSP:F1AN34) Interest Expense : R$-860 Mil (TTM As of Mar. 2024)

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What is Diamondback Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Diamondback Energy's interest expense for the three months ended in Mar. 2024 was R$ -229 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-860 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. Diamondback Energy's Operating Income for the three months ended in Mar. 2024 was R$ 5,632 Mil. Diamondback Energy's Interest Expense for the three months ended in Mar. 2024 was R$ -229 Mil. Diamondback Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 24.59. 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.

Diamondback Energy Interest Expense Historical Data

The historical data trend for Diamondback 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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Diamondback Energy Interest Expense Chart

Diamondback Energy Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-693.66

-1,003.22

-1,068.78

-776.32

-857.47

Diamondback 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															-239.60	-247.54	-202.49	-181.29	-229.07

Diamondback 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$-860 Mil.

Diamondback Energy (BSP:F1AN34) 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.

Diamondback Energy's Interest Expense for the three months ended in Mar. 2024 was R$-229 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$5,632 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$33,011 Mil.

Diamondback 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	*	5632.154	/	-229.071
	=	24.59

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

Diamondback Energy (BSP:F1AN34) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamondback Energy Inc (BSP:F1AN34) » Definitions » Interest Expense

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FANG:USA FANG:Mexico

Address

500 West Texas Avenue, Suite 1200, Midland, TX, USA, 79701

Website

https://www.diamondbackenergy.com

Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2022, the company reported net proven reserves of 2 billion barrels of oil equivalent. Net production averaged about 386,000 barrels per day in 2022, at a ratio of 58% oil, 21% natural gas liquids, and 21% natural gas.

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