Aker BioMarine ASA (OSL:AKBM) Interest Coverage : 0 (At Loss) (As of Mar. 2024)

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What is Aker BioMarine ASA 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. Aker BioMarine ASA's Operating Income for the three months ended in Mar. 2024 was kr-59 Mil. Aker BioMarine ASA's Interest Expense for the three months ended in Mar. 2024 was kr-65 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Aker BioMarine ASA's Interest Coverage or its related term are showing as below:

OSL:AKBM' s Interest Coverage Range Over the Past 10 Years
Min: 0.04 Med: 0.26 Max: 0.95
Current: 0.17

OSL:AKBM's Interest Coverage is ranked worse than
99.2% of 1369 companies
in the Consumer Packaged Goods industry
Industry Median: 8.41 vs OSL:AKBM: 0.17

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

Aker BioMarine ASA Interest Coverage Historical Data

The historical data trend for Aker BioMarine ASA'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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Aker BioMarine ASA Interest Coverage Chart

Aker BioMarine ASA Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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0.07

0.26

0.95

0.04

Aker BioMarine ASA Quarterly Data
	Dec18	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															-	0.60	1.29	-	-

Competitive Comparison of Aker BioMarine ASA's Interest Coverage

For the Packaged Foods subindustry, Aker BioMarine ASA'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.

Aker BioMarine ASA's Interest Coverage Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Aker BioMarine ASA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Aker BioMarine ASA's Interest Coverage falls into.

Aker BioMarine ASA 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.

Aker BioMarine ASA'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, Aker BioMarine ASA's Interest Expense was kr-352 Mil. Its Operating Income was kr15 Mil. And its Long-Term Debt & Capital Lease Obligation was kr3,629 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	14.769	/	-352.35
	=	0.04

Aker BioMarine ASA's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Aker BioMarine ASA's Interest Expense was kr-65 Mil. Its Operating Income was kr-59 Mil. And its Long-Term Debt & Capital Lease Obligation was kr3,618 Mil.

Aker BioMarine ASA did not have earnings to cover the interest expense.

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

Aker BioMarine ASA (OSL:AKBM) 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 .

Aker BioMarine ASA Interest Coverage Related Terms

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

Aker BioMarine ASA (OSL:AKBM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Aker BioMarine ASA (OSL:AKBM) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

1PG:Germany

Address

Oksenoyveien 10, P.O. Box 496, Lysaker, NOR, NO-1327

Website

https://www.akerbiomarine.com

Aker BioMarine ASA is a supplier of krill-derived products, with a fully owned supply chain. The operations of the company span from harvesting krill in Antarctica with vessels owned by the company including distribution worldwide from Uruguay, and further processing of the krill into oil products in the United States. The segments of the company include 1) The Ingredients segment involves offshore harvesting and production, logistical operations, and onshore manufacturing and sales of krill-derived products. 2) The Brands segment focuses on human consumer goods, with Lang Pharma Nutrition (Lang) and Epion as its two main components. Lang produces and distributes private-label vitamins and supplements to retailers in the U.S. market and Epion is Aker BioMarine's consumer brand company.

Aker BioMarine ASA (OSL:AKBM) Headlines

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