Edda Wind ASA (OSL:EWIND) Interest Expense : kr-55.9 Mil (TTM As of Dec. 2023)

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What is Edda Wind ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Edda Wind ASA's interest expense for the three months ended in Dec. 2023 was kr -17.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was kr-55.9 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. Edda Wind ASA's Operating Income for the three months ended in Dec. 2023 was kr 74.3 Mil. Edda Wind ASA's Interest Expense for the three months ended in Dec. 2023 was kr -17.6 Mil. Edda Wind ASA's Interest Coverage for the quarter that ended in Dec. 2023 was 4.22. 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.

Edda Wind ASA Interest Expense Historical Data

The historical data trend for Edda Wind 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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Edda Wind ASA Interest Expense Chart

Edda Wind ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-15.33

-12.25

-13.19

-18.59

-55.85

Edda Wind ASA Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial											-4.79	-6.66	-14.65	-16.94	-17.63

Edda Wind 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-55.9 Mil.

Edda Wind ASA (OSL:EWIND) 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.

Edda Wind ASA's Interest Expense for the three months ended in Dec. 2023 was kr-17.6 Mil. Its Operating Income for the three months ended in Dec. 2023 was kr74.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was kr2,957.8 Mil.

Edda Wind ASA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	74.294	/	-17.625
	=	4.22

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

Edda Wind ASA (OSL:EWIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Edda Wind ASA (OSL:EWIND) » Definitions » Interest Expense

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Traded in Other Exchanges

EWINDO:Sweden VR1:Germany

Address

Smedasundet 97, Haugesund, NOR, 5501

Website

https://www.eddawind.com

Edda Wind ASA is a Norway-based company that provides service operations to the global offshore wind industry. The company develops, builds, owns, and operates purpose-built Service Operation Vessels (SOVs) and Commissioning Service Operation Vessels (CSOVs) for offshore wind farms worldwide.

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