Northern Drilling (OSL:NODL) Interest Expense : kr-0.57 Mil (TTM As of Jun. 2023)

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What is Northern Drilling Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Northern Drilling's interest expense for the six months ended in Jun. 2023 was kr -0.38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was kr-0.57 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. Northern Drilling's Operating Income for the six months ended in Jun. 2023 was kr -69.64 Mil. Northern Drilling's Interest Expense for the six months ended in Jun. 2023 was kr -0.38 Mil. Northern Drilling did not have earnings to cover the interest expense. 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.

Northern Drilling Interest Expense Historical Data

The historical data trend for Northern Drilling'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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Northern Drilling Interest Expense Chart

Northern Drilling Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-1.10

-28.82

-0.05

-0.43

Northern Drilling Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial						-0.02	-0.03	-0.23	-0.19	-0.38

Northern Drilling 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr-0.57 Mil.

Northern Drilling (OSL:NODL) 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.

Northern Drilling's Interest Expense for the six months ended in Jun. 2023 was kr-0.38 Mil. Its Operating Income for the six months ended in Jun. 2023 was kr-69.64 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was kr0.00 Mil.

Northern Drilling's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Northern Drilling did not have earnings to cover the interest expense.

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

Northern Drilling (OSL:NODL) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Northern Drilling Ltd (OSL:NODL) » Definitions » Interest Expense

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NODLo:Sweden

Address

14 Par La Ville Road, Par La Ville Place, Hamilton, BMU, HM08

Website

https://www.northerndrillingltd.com

Northern Drilling Ltd is an international drilling contractor for the oil and gas industry, with the ambition of acquiring and operating modern drilling assets, and is expected to be primarily engaged in offshore contract drilling in ultra-deepwater environments. West Aquila and West Libra are some of its major sophisticated high-end drilling units.

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