Prosafe SE (OSL:PRS) Interest Expense : kr-297 Mil (TTM As of Mar. 2024)

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What is Prosafe SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prosafe SE's interest expense for the three months ended in Mar. 2024 was kr -84 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-297 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. Prosafe SE's Operating Income for the three months ended in Mar. 2024 was kr -4 Mil. Prosafe SE's Interest Expense for the three months ended in Mar. 2024 was kr -84 Mil. Prosafe SE 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.

Prosafe SE Interest Expense Historical Data

The historical data trend for Prosafe SE'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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Prosafe SE Interest Expense Chart

Prosafe SE Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-634.39

-532.88

-332.30

-146.23

-285.89

Prosafe SE 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															-75.83	-82.05	-86.87	-44.31	-83.84

Prosafe SE 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-297 Mil.

Prosafe SE (OSL:PRS) 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.

Prosafe SE's Interest Expense for the three months ended in Mar. 2024 was kr-84 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr-4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr4,399 Mil.

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

Prosafe SE did not have earnings to cover the interest expense.

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

Prosafe SE (OSL:PRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Prosafe SE (OSL:PRS) » Definitions » Interest Expense

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PRSEF:USA PRSo:Sweden 1Q6:Germany

Address

Forusparken 2, Stavanger, NOR, 4031

Website

https://www.prosafe.com

Prosafe SE is an owner and operator of semi-submersible accommodation, safety, and support vessels, and one Tender Support Vessel. The company's vessels primarily serves energy companies on various offshore projects in global offshore oil and gas areas. The company's operations are related to the support of the lifecycle of offshore installations such as maintenance and modification of installations on fields already in production, hook-up and commissioning of new fields, tie-backs to existing infrastructure and decommissioning. Its core markets are the North Sea and Brazil.