Total Debt (Carrying Amount)
Based on: 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
Debt item | Description | The company |
---|---|---|
Total finance debt (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | BP PLC total debt decreased from 2012 to 2013 but then increased from 2013 to 2014 exceeding 2012 level. |
Total Debt (Fair Value)
Dec 31, 2014 | |
---|---|
Selected Financial Data (US$ in millions) | |
Total finance debt (fair value) | 53,825) |
Financial Ratio | |
Debt, fair value to carrying amount ratio | 1.02 |
Based on: 20-F (reporting date: 2014-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt: 1.62%
Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
---|---|---|---|
3.00% | 14,285) | 429) | |
6.00% | 871) | 52) | |
1.00% | 36,275) | 363) | |
1.00% | 1,423) | 14) | |
Total | 52,854) | 858) | |
1.62% |
Based on: 20-F (reporting date: 2014-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 858 ÷ 52,854 = 1.62%
Interest Costs Incurred
Based on: 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
Debt item | Description | The company |
---|---|---|
Finance costs | Amount of the cost of borrowed funds accounted for as interest expense for debt. | BP PLC finance costs decreased from 2012 to 2013 but then increased from 2013 to 2014 exceeding 2012 level. |
Interest capitalized | Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. | BP PLC interest capitalized decreased from 2012 to 2013 and from 2013 to 2014. |
Finance costs incurred | Total interest costs incurred during the period and either capitalized or charged against earnings. | BP PLC finance costs incurred decreased from 2012 to 2013 but then slightly increased from 2013 to 2014. |
Adjusted Interest Coverage Ratio
Based on: 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
2014 Calculations
1 Interest coverage ratio (without capitalized interest) = EBIT ÷ Finance costs
= 6,098 ÷ 1,148 = 5.31
2 Adjusted interest coverage ratio (with capitalized interest) = EBIT ÷ Finance costs incurred
= 6,098 ÷ 1,333 = 4.57
Solvency ratio | Description | The company |
---|---|---|
Adjusted interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest). | BP PLC adjusted interest coverage ratio improved from 2012 to 2013 but then deteriorated significantly from 2013 to 2014. |