International Seaways (International Seaways) Interest Expense : $-62 Mil (TTM As of Mar. 2024)

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What is International Seaways Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. International Seaways's interest expense for the three months ended in Mar. 2024 was $ -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-62 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. International Seaways's Operating Income for the three months ended in Mar. 2024 was $ 154 Mil. International Seaways's Interest Expense for the three months ended in Mar. 2024 was $ -15 Mil. International Seaways's Interest Coverage for the quarter that ended in Mar. 2024 was 10.08. 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.

International Seaways Interest Expense Historical Data

The historical data trend for International Seaways'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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International Seaways Interest Expense Chart

International Seaways Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-66.27

-36.71

-36.80

-57.72

-65.76

International Seaways 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															-19.33	-20.68	-19.68	-6.07	-15.31

International Seaways 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 $-62 Mil.

International Seaways (NYSE:INSW) 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.

International Seaways's Interest Expense for the three months ended in Mar. 2024 was $-15 Mil. Its Operating Income for the three months ended in Mar. 2024 was $154 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $573 Mil.

International Seaways'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	*	154.372	/	-15.312
	=	10.08

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

International Seaways (International Seaways) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » International Seaways Inc (NYSE:INSW) » Definitions » Interest Expense

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Traded in Other Exchanges

INSW:Mexico IS5:Germany

Address

600 Third Avenue, 39th Floor, New York, NY, USA, 10016

Website

https://www.intlseas.com

International Seaways Inc owns and operates a fleet of oceangoing vessels engaged primarily in the transportation of crude oil and petroleum products. The company's vessel operations are organized into two segments: Crude Tankers and Product Carriers. The fleet consists of ULCC, VLCC, Suezmax, Aframax, and Panamax crude tankers, as well as LR1, LR2, and MR product carriers.

Executives

Jeffrey Pribor	officer: Chief Financial Officer	35 WEST 56TH STREET, NEW YORK NY 10019
Derek G. Solon	officer: VP and Chief Comm. Officer	C/O INTERNATIONAL SEAWAYS, INC., 600 THIRD AVENUE, 39TH FLOOR, NEW YORK NY 10016
Small James D Iii	officer: SVP & Secretary	C/O OVERSEAS SHIPHOLDING GROUP, INC., 1301 AVENUE OF THE AMERICAS, 42ND FLOOR, NEW YORK NY 10019
Lois K Zabrocky	director, officer: President	666 THIRD AVENUE, 5TH FLOOR, NEW YORK NY 10017
Douglas D Wheat	director	C/O HAAS WHEAT & PARTNERS LP, 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Randee E Day	director	217 DEBRA LANE, PALM BEACH FL 33480
David I Greenberg	director	ALTRIA GROUP INC, 120 PARK AVE, NEW YORK NY 10017
William F. Nugent	officer: VP and Head of Shipping Ops.	C/O INTERNATIONAL SEAWAYS, INC., 600 THIRD AVENUE, 39TH FLOOR, NEW YORK NY 10465
Ian T Blackley	director, officer: Senior Vice President & CFO	666 THIRD AVENUE, NEW YORK NY 10017
Stevenson Craig H Jr	director	C/O OMI CORP, ONE STATION PL, STAMFORD CT 06902
Adewale Oshodi	officer: Controller	1301 AVENUE OF THE AMERICAS, 42ND FLOOR, C/O OVERSEAS SHIPHOLDING GROUP, INC., NEW YORK NY 10019
Famatown Finance Ltd	10 percent owner	C/O SEATANKERS MANAGEMENT CO. LTD, P. O. BOX 53562, LIMASSOL G4 CY 3399
C.k. Ltd	10 percent owner	28 ESPLANADE STREET, ST. HELIER Y9 JE4 2QP
Greenwich Holdings Ltd.	10 percent owner	C/O SEATANKERS MANAGEMENT CO. LTD., P.O. BOX 53562, LIMASSOL G4 CY 3399
Alexandra Kate Blankenship	director	33 BENEDICT PLACE, 2ND FLOOR, GREENWICH CT 06830