Rompetrol Rafinare S.A. (BSE:RRC) Interest Expense : lei-481 Mil (TTM As of Sep. 2023)

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What is Rompetrol Rafinare S.A. Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rompetrol Rafinare S.A.'s interest expense for the three months ended in Sep. 2023 was lei -132 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was lei-481 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. Rompetrol Rafinare S.A.'s Operating Income for the three months ended in Sep. 2023 was lei 336 Mil. Rompetrol Rafinare S.A.'s Interest Expense for the three months ended in Sep. 2023 was lei -132 Mil. Rompetrol Rafinare S.A.'s Interest Coverage for the quarter that ended in Sep. 2023 was 2.55. 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.

Rompetrol Rafinare S.A. Interest Expense Historical Data

The historical data trend for Rompetrol Rafinare S.A.'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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Rompetrol Rafinare S.A. Interest Expense Chart

Rompetrol Rafinare S.A. Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-163.94

-192.43

-160.96

-238.60

-398.38

Rompetrol Rafinare S.A. Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-104.40	-144.45	-97.05	-107.65	-131.83

Rompetrol Rafinare S.A. 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was lei-481 Mil.

Rompetrol Rafinare S.A. (BSE:RRC) 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.

Rompetrol Rafinare S.A.'s Interest Expense for the three months ended in Sep. 2023 was lei-132 Mil. Its Operating Income for the three months ended in Sep. 2023 was lei336 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was lei2,362 Mil.

Rompetrol Rafinare S.A.'s Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	335.555	/	-131.831
	=	2.55

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Rompetrol Rafinare S.A. interest coverage is 1.95, which is low.

Rompetrol Rafinare S.A. (BSE:RRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rompetrol Rafinare S.A. (BSE:RRC) » Definitions » Interest Expense

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Address

Navodari Boulevard, no. 215, Administrative Building, Navodari, Constanta, ROU, 905700

Website

http://www.rompetrol-rafinare.ro

Rompetrol Rafinare S.A. is engaged in the Refining and marketing of petrochemical products. It operates Petromidia refinery in the Black Sea coast and Vega refinery in Ploiesti city and engaged in the manufacturing and trading of Petrochemical Products and Refining products. The company's segments include Refining, Petrochemicals, and Marketing. The company products include Polypropylene, High-Density Polyethylene, Low-Density Polyethylene, Aviation fuels, Car fuels, Bitumen, and others. The company has all of its operations in Romania and also exports internationally. The majority of the revenue is generated from Romania.