Icon Offshore Bhd (XKLS:5255) Interest Expense : RM-20.1 Mil (TTM As of Mar. 2024)

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What is Icon Offshore Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Icon Offshore Bhd's interest expense for the three months ended in Mar. 2024 was RM -3.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was RM-20.1 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. Icon Offshore Bhd's Operating Income for the three months ended in Mar. 2024 was RM -23.4 Mil. Icon Offshore Bhd's Interest Expense for the three months ended in Mar. 2024 was RM -3.3 Mil. Icon Offshore Bhd 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.

Icon Offshore Bhd Interest Expense Historical Data

The historical data trend for Icon Offshore Bhd'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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Icon Offshore Bhd Interest Expense Chart

Icon Offshore Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-34.74

-21.39

-37.20

-16.53

-20.70

Icon Offshore Bhd 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															-3.85	-4.17	-4.08	-8.61	-3.29

Icon Offshore Bhd 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 RM-20.1 Mil.

Icon Offshore Bhd (XKLS:5255) 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.

Icon Offshore Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-3.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was RM-23.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was RM185.7 Mil.

Icon Offshore Bhd's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Icon Offshore Bhd did not have earnings to cover the interest expense.

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

Icon Offshore Bhd (XKLS:5255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Icon Offshore Bhd (XKLS:5255) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

207, Jalan Tun Razak, 16-01, Level 16, Menara Tan & Tan, Wilayah Persekutuan, Kuala Lumpur, MYS, 50450

Website

https://www.iconoffshore.com.my

Icon Offshore Bhd is an offshore support vessel (OSV) provider in Malaysia. Its business involves vessel owning/leasing activities and the provision of vessel chartering and ship management services to the oil and gas-related industries. The company offers a wide range of logistical support services throughout the entire offshore oil and gas life cycle, from exploration and appraisal, field development, operation, and maintenance, through to decommissioning.

Icon Offshore Bhd (XKLS:5255) Headlines

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