OMV Petrom (BSE:SNP) Interest Coverage : 10.47 (As of Mar. 2024)

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What is OMV Petrom Interest Coverage?

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 by its Interest Expense. OMV Petrom's Operating Income for the three months ended in Mar. 2024 was lei1,597 Mil. OMV Petrom's Interest Expense for the three months ended in Mar. 2024 was lei-153 Mil. OMV Petrom's interest coverage for the quarter that ended in Mar. 2024 was 10.47. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for OMV Petrom's Interest Coverage or its related term are showing as below:

BSE:SNP' s Interest Coverage Range Over the Past 10 Years
Min: 5.14 Med: 15.23 Max: 80.82
Current: 10.56

BSE:SNP's Interest Coverage is ranked better than
61.1% of 761 companies
in the Oil & Gas industry
Industry Median: 6.65 vs BSE:SNP: 10.56

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

OMV Petrom Interest Coverage Historical Data

The historical data trend for OMV Petrom's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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OMV Petrom Interest Coverage Chart

OMV Petrom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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15.23

5.14

7.91

16.57

10.43

OMV Petrom Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															9.87	10.62	10.27	10.98	10.47

Competitive Comparison of OMV Petrom's Interest Coverage

For the Oil & Gas Integrated subindustry, OMV Petrom's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

OMV Petrom's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, OMV Petrom's Interest Coverage distribution charts can be found below:

* The bar in red indicates where OMV Petrom's Interest Coverage falls into.

OMV Petrom Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

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

OMV Petrom's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, OMV Petrom's Interest Expense was lei-722 Mil. Its Operating Income was lei7,530 Mil. And its Long-Term Debt & Capital Lease Obligation was lei530 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	7530.09	/	-722.22
	=	10.43

OMV Petrom's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, OMV Petrom's Interest Expense was lei-153 Mil. Its Operating Income was lei1,597 Mil. And its Long-Term Debt & Capital Lease Obligation was lei507 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1597.4	/	-152.54
	=	10.47

The higher the ratio, the stronger the company's Financial Strength is.

OMV Petrom (BSE:SNP) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

OMV Petrom Interest Coverage Related Terms

Thank you for viewing the detailed overview of OMV Petrom's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

OMV Petrom (BSE:SNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » OMV Petrom SA (BSE:SNP) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Coralilor Street, District 1, Bucharest, ROU, 013329

Website

https://www.omvpetrom.com

OMV Petrom SA is an integrated oil and gas company operating in Romania. The company has three segments. The exploration & Production segment consists of the exploration, development, & production of crude oil, & natural gas. The refining & Marketing segment produces & delivers gasoline, diesel & other petroleum products to its customers, while through filling stations networks offers also a variety of services & non-oil business (NOB) goods. The gas business unit, part of the Gas & Power segment, has the objective to focus on gas sales, & becoming a regional player. Business division Power, part of the Gas & Power segment, mainly extends the gas value chain into a gas-fired power plant. The majority is from Refining & marketing segment. Geographically, key revenue is from Romania.

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