BBL (BHP Group) Interest Expense : $-899 Mil (TTM As of Dec. 2021)

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What is BHP Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BHP Group's interest expense for the six months ended in Dec. 2021 was $ -487 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2021 was $-899 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. BHP Group's Operating Income for the six months ended in Dec. 2021 was $ 14,246 Mil. BHP Group's Interest Expense for the six months ended in Dec. 2021 was $ -487 Mil. BHP Group's Interest Coverage for the quarter that ended in Dec. 2021 was 29.25. 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.

BHP Group Interest Expense Historical Data

The historical data trend for BHP Group'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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BHP Group Interest Expense Chart

BHP Group Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Interest Expense

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-1,500.00

-1,522.00

-1,565.00

-1,333.00

-858.00

BHP Group Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Interest Expense	Get a 7-Day Free Trial															-742.00	-591.00	-446.00	-412.00	-487.00

BHP Group 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. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-899 Mil.

BHP Group (NYSE:BBL) 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.

BHP Group's Interest Expense for the six months ended in Dec. 2021 was $-487 Mil. Its Operating Income for the six months ended in Dec. 2021 was $14,246 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2021 was $15,897 Mil.

BHP Group's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2021 )	/	Interest Expense (Q: Dec. 2021 )
	=	-1	*	14246	/	-487
	=	29.25

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

BHP Group Business Description

Industry

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Address

160 Victoria Street, Nova South, London, GBR, SW1E 5LB

Website

https://www.bhp.com

BHP is a leading global diversified miner supplying iron ore, copper, oil, gas, and metallurgical. The merger of BHP Limited (now BHP Ltd.) and Billiton PLC (now BHP PLC) created the present-day BHP. Shareholders in each company have equivalent economic and voting rights in BHP as a whole and in 2022 voted to reunify the dual listed structure. Major assets include Pilbara iron ore, Queensland coking coal, Escondida copper and conventional petroleum assets, principally in Australia and the Gulf of Mexico. Onshore U.S. oil and gas assets were sold in 2018 and the remaining Petroleum assets are likely to be spun off and merged with Woodside.