Nabors Industries (Nabors Industries) Interest Expense : $-185 Mil (TTM As of Dec. 2023)

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What is Nabors Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nabors Industries's interest expense for the three months ended in Dec. 2023 was $ -50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-185 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. Nabors Industries's Operating Income for the three months ended in Dec. 2023 was $ 69 Mil. Nabors Industries's Interest Expense for the three months ended in Dec. 2023 was $ -50 Mil. Nabors Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 1.38. 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.

Nabors Industries Interest Expense Historical Data

The historical data trend for Nabors Industries'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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Nabors Industries Interest Expense Chart

Nabors Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-204.31

-206.27

-171.48

-177.90

-185.29

Nabors Industries 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															-44.25	-45.14	-46.16	-44.04	-49.94

Nabors Industries 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 $-185 Mil.

Nabors Industries (NYSE:NBR) 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.

Nabors Industries's Interest Expense for the three months ended in Dec. 2023 was $-50 Mil. Its Operating Income for the three months ended in Dec. 2023 was $69 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,512 Mil.

Nabors Industries'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	*	68.875	/	-49.938
	=	1.38

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

Nabors Industries (Nabors Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nabors Industries Ltd (NYSE:NBR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NBI1:Germany

Address

4 Par-la-Ville Road, Crown House, Second Floor, Hamilton, BMU, HM 08

Website

https://www.nabors.com

Nabors Industries Ltd owns and operates one of the world's largest land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It has operations in over 15 countries, 300 actively marketed rigs for land-based drilling operations and 29 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. The company has five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.

Executives

John P Kotts	director	C/O NABORS CORPORATE SERVICES, INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067
Anthony G Petrello	director, officer: PRESIDENT AND COO	NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200`, HOUSTON TX 77067
William J Restrepo	officer: Chief Financial Officer	P.O. BOX 60068, HOUSTON TX 77205-0068
Tanya S Beder	director	500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451
Anthony R Chase	director	10307 PACIFIC CENTER COURT, SAN DIEGO CA 92121
John Yearwood	director	HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Howard Wolf	director
Dag Skattum	director	C/O NABORS CORPORATE SERVICES, INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067
James R Crane	director	JAMES R CRANE, 3214 LODESTAR, HOUSTON TX 77032
Myron M Sheinfeld	director	NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200, HOUSTON TX 77067
Michael C Linn	director	650 WASHINGTON ROAD, 8TH FLOOR, PITTSBURGH PA 15228
Mark D Andrews	officer: SECRETARY	C/O NABORS CORPORATE SERVICES INC, 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067
Hans Schmidt	director	NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200, HOUSTON TX 77067
John V Lombardi	director	C/O NABORS CORPORATE SERVICES, INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067
Robert Clark Wood	other: Principal Fin & Acctg Officer	C/O NABORS CORPORATE SERVICES INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067