Oceaneering International (Oceaneering International) Interest Expense : $-36 Mil (TTM As of Dec. 2023)

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What is Oceaneering International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oceaneering International's interest expense for the three months ended in Dec. 2023 was $ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-36 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. Oceaneering International's Operating Income for the three months ended in Dec. 2023 was $ 47 Mil. Oceaneering International's Interest Expense for the three months ended in Dec. 2023 was $ -8 Mil. Oceaneering International's Interest Coverage for the quarter that ended in Dec. 2023 was 5.99. 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.

Oceaneering International Interest Expense Historical Data

The historical data trend for Oceaneering International'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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Oceaneering International Interest Expense Chart

Oceaneering International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-42.71

-43.90

-38.81

-38.22

-36.52

Oceaneering International 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															-9.28	-9.52	-9.80	-7.92	-9.20

Oceaneering International 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 $-36 Mil.

Oceaneering International (NYSE:OII) 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.

Oceaneering International's Interest Expense for the three months ended in Dec. 2023 was $-8 Mil. Its Operating Income for the three months ended in Dec. 2023 was $47 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $771 Mil.

Oceaneering International'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	*	47.45	/	-7.921
	=	5.99

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

Oceaneering International (Oceaneering International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oceaneering International Inc (NYSE:OII) » Definitions » Interest Expense

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Traded in Other Exchanges

OII:Germany

Address

5875 North Sam Houston Parkway, Suite 400, Houston, TX, USA, 77086

Website

https://www.oceaneering.com

Oceaneering International Inc is a global provider of engineered services and products robotic solutions to the offshore energy, defense, aerospace, manufacturing and entertainment industries. Most of Oceaneering's products are produced for the offshore oil and gas market. It had a 2020 segment realignment to promote synergies and cost efficiency. The five segments are subsea robotics; manufactured products; offshore projects group; integrity management and digital solutions; and aerospace and defense technologies. Within the segments are two businesses - services and products provided primarily to the oil and gas industry. The firm is also involved in the offshore renewables and mobility solutions industries.

Executives

Shaun Roedel	officer: SVP, Mfd. Prods.	11911 FM 529, HOUSTON TX 77041
Alan R Curtis	officer: SVP and CFO	11911 FM 529, HOUSTON TX 77041
Earl Childress	officer: SVP, Chief Commercial Ofc.	11911 FM 529, HOUSTON TX 77041
Christopher J Dyer	officer: SVP, OPGroup	5875 N. SAM HOUSTON PARKWAY W., SUITE 400, HOUSTON TX 77086
Deanna L Goodwin	director	11911 FM 529, HOUSTON TX 77041
Karen H Beachy	director	PO BOX 1400, RAPID CITY SD 57709
Martin J Mcdonald	officer: SVP, Subsea Robotics	11911 FM 529, HOUSTON TX 77041
Murphy Paul B Jr	director	OCEANEERING INTERNATIONAL, INC., 11911 FM 529, HOUSTON TX 77041
Leonardo P Granato	officer: SVP, IMDS	5875 N. SAM HOUSTON PARKWAY W., SUITE 400, HOUSTON TX 77086
Jennifer Fremont Simons	officer: SVP, CLO and Secretary	5875 N. SAM HOUSTON PKWY. W., SUITE 400, HOUSTON TX 77086
M Kevin Mcevoy	director	C/O OCEANEERING INTERNATIONAL INC, 11911 FM 529, HOUSTON TX 77041-3011
Jon Erik Reinhardsen	director	1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
William B Berry	director	C/O WILBROS USA, INC., 4400 POST OAK PARKWAY, STE. 1000, HOUSTON TX 77027
Steven A Webster	director	500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002
Leblanc Witland J Jr.	officer: VP & CAO	11911 FM 529, HOUSTON TX 77041