Mowi ASA (Mowi ASA) Interest Expense : $-122 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mowi ASA's interest expense for the three months ended in Dec. 2023 was $ -37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-122 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. Mowi ASA's Operating Income for the three months ended in Dec. 2023 was $ 287 Mil. Mowi ASA's Interest Expense for the three months ended in Dec. 2023 was $ -37 Mil. Mowi ASA's Interest Coverage for the quarter that ended in Dec. 2023 was 7.69. 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.

Mowi ASA Interest Expense Historical Data

The historical data trend for Mowi 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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Mowi ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-78.00

-76.76

-66.78

-55.72

-123.34

Mowi ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-17.90	-24.30	-28.17	-32.12	-37.41

Mowi 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 $-122 Mil.

Mowi ASA (OTCPK:MHGVY) 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.

Mowi ASA's Interest Expense for the three months ended in Dec. 2023 was $-37 Mil. Its Operating Income for the three months ended in Dec. 2023 was $287 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,609 Mil.

Mowi 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	*	287.459	/	-37.405
	=	7.69

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

Mowi ASA (Mowi ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mowi ASA (OTCPK:MHGVY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MNHVF:USA MOWI:Sweden MOWI:Norway MOWIo:UK 0OAW:UK PND:Germany

Address

Sandviksboder 77A/B, Bergen, NOR, 5035

Website

https://www.mowi.com

Mowi ASA is a Norway based producer of farmed salmon. It distributes salmon and other processed seafood globally. The company focuses on producing high-quality fish by producing its fish eggs and nurturing the fish in the early stages of their life. The fish are processed and sold once each specimen reaches harvestable weight. Additionally, it owns secondary processor facilities that help transform the fish into ready-to-eat and packaged products.

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