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Oil & Gas Development Co (KAR:OGDC) Interest Expense : ₨-6,476 Mil (TTM As of Mar. 2024)


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What is Oil & Gas Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oil & Gas Development Co's interest expense for the three months ended in Mar. 2024 was ₨ -1,821 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₨-6,476 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. Oil & Gas Development Co's Operating Income for the three months ended in Mar. 2024 was ₨ 62,693 Mil. Oil & Gas Development Co's Interest Expense for the three months ended in Mar. 2024 was ₨ -1,821 Mil. Oil & Gas Development Co's Interest Coverage for the quarter that ended in Mar. 2024 was 34.43. 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.

Oil & Gas Development Co Interest Expense Historical Data

The historical data trend for Oil & Gas Development Co'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.

* Premium members only.

Oil & Gas Development Co Interest Expense Chart

Oil & Gas Development Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,686.43 -3,007.26 -2,199.47 -2,335.48 -4,708.30

Oil & Gas Development Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,201.06 -1,223.21 -1,682.28 -1,749.98 -1,820.98

Oil & Gas Development Co 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 ₨-6,476 Mil.

* 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.

Oil & Gas Development Co  (KAR:OGDC) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Oil & Gas Development Co's Interest Expense for the three months ended in Mar. 2024 was ₨-1,821 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₨62,693 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₨0 Mil.

Oil & Gas Development Co'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*62692.958/-1820.984
=34.43

* 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.

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

Oil & Gas Development Co (KAR:OGDC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil & Gas Development Co Ltd (KAR:OGDC) » Definitions » Interest Expense
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KAR:MARI KAR:PPL KAR:POL COP HKSE:00883 TSX:CNQ EOG PXD OXY HES MIC:NVTK FANG ASX:WDS DVN CTRA TSE:1605 EQT TSX:TOU BKK:PTTEP ASX:STO
Traded in Other Exchanges
OGDC:UK
Address
Plot No. 3, Jinnah Avenue, OGDCL House, F-6/G-6, Blue Area, Islamabad, PAK
Website
https://www.ogdcl.com
Oil & Gas Development Co Ltd is a Pakistani multinational oil and gas company. The company is engaged in the exploration, development, production, and sale of oil and gas. It produces crude oil, gas, liquefied petroleum gas, sulphur, and white petroleum products. The company's development projects include Kunnar Pasahki Deep-Tando Allah Yar, Sinjhoro, Uch-II, Jhal Magsi, Nashpa-Mela and Suleiman development project.

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