Akastor ASA (OSL:AKAST) Interest Expense : kr-118.0 Mil (TTM As of Mar. 2024)

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What is Akastor ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Akastor ASA's interest expense for the three months ended in Mar. 2024 was kr 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-118.0 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. Akastor ASA's Operating Income for the three months ended in Mar. 2024 was kr 567.0 Mil. Akastor ASA's Interest Expense for the three months ended in Mar. 2024 was kr 0.0 Mil. GuruFocus does not calculate Akastor ASA's interest coverage with the available data. 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.

Akastor ASA Interest Expense Historical Data

The historical data trend for Akastor ASA'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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Akastor ASA Interest Expense Chart

Akastor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-148.00

-126.00

-145.00

-129.00

-163.00

Akastor ASA 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															-	-4.00	-49.00	-65.00	-

Akastor ASA 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 kr-118.0 Mil.

Akastor ASA (OSL:AKAST) 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.

Akastor ASA's Interest Expense for the three months ended in Mar. 2024 was kr0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr567.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr255.0 Mil.

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

GuruFocus does not calculate Akastor ASA's interest coverage with the available data.

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

Akastor ASA (OSL:AKAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Akastor ASA (OSL:AKAST) » Definitions » Interest Expense

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Traded in Other Exchanges

KY7:Germany

Address

Oksenoyveien 10, Building B, Lysaker, NOR, 1366

Website

https://www.akastor.com

Akastor ASA is an oil-services investment company with a portfolio of industrial holdings, real estate, and other investments. Its portfolio includes drilling systems and lifecycle services supplier MHWirth, and vessel-based subsea well construction services. The company has a flexible mandate for active ownership and long-term value creation. Geographically the business presence of the group is seen across the region of Norway, Singapore, North America, South America, Australia, the Middle East, and other regions.

Akastor ASA (OSL:AKAST) Headlines

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