Eidesvik Offshore ASA (OSL:EIOF) Interest Expense : kr-83.5 Mil (TTM As of Mar. 2024)

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What is Eidesvik Offshore ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Eidesvik Offshore ASA's interest expense for the three months ended in Mar. 2024 was kr -19.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-83.5 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. Eidesvik Offshore ASA's Operating Income for the three months ended in Mar. 2024 was kr 21.5 Mil. Eidesvik Offshore ASA's Interest Expense for the three months ended in Mar. 2024 was kr -19.3 Mil. Eidesvik Offshore ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 1.11. 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.

Eidesvik Offshore ASA Interest Expense Historical Data

The historical data trend for Eidesvik Offshore 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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Eidesvik Offshore ASA Interest Expense Chart

Eidesvik Offshore ASA Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-135.05

-114.45

-75.54

-90.23

-85.19

Eidesvik Offshore 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															-20.99	-20.29	-20.22	-23.69	-19.33

Eidesvik Offshore 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-83.5 Mil.

Eidesvik Offshore ASA (OSL:EIOF) 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.

Eidesvik Offshore ASA's Interest Expense for the three months ended in Mar. 2024 was kr-19.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr21.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr725.0 Mil.

Eidesvik Offshore ASA'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	*	21.458	/	-19.327
	=	1.11

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

Eidesvik Offshore ASA (OSL:EIOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eidesvik Offshore ASA (OSL:EIOF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

EIOFO:Sweden E1V:Germany

Address

Vestvikvegen 1, Bomlo, NOR, NO-5443

Website

https://www.eidesvik.no

Eidesvik Offshore ASA is a Norway based shipping company engaged in offering services in the maritime sector. The group operates ships in the business areas of Seismic, Subsea, Supply and Other. The Seismic segment provides shipping services to customers that produce seismic data. The ships belonging to Seismic segment operates all over the world according to customer needs. The Subsea segment provides shipping services for subsea work for the oil industry and its ships are adapted for work such as underwater inspection, maintenance, and construction. The Supply segment supplies services to the oil industry offshore.

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