Frontline (OSTO:FROO) Interest Expense

: kr-1,631 Mil (TTM As of Sep. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Frontline's interest expense for the three months ended in Sep. 2023 was kr -409 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was kr-1,631 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. Frontline's Operating Income for the three months ended in Sep. 2023 was kr 1,231 Mil. Frontline's Interest Expense for the three months ended in Sep. 2023 was kr -409 Mil. Frontline's Interest Coverage for the quarter that ended in Sep. 2023 was 3.01. 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.

Frontline Interest Expense Historical Data

The historical data trend for Frontline'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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Frontline Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-804.62

-852.42

-628.30

-505.60

-920.42

Frontline Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-100.30	-299.41	-478.35	-444.64	-408.72

Frontline 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-1,631 Mil.

Frontline (OSTO:FROo) 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.

Frontline's Interest Expense for the three months ended in Sep. 2023 was kr-409 Mil. Its Operating Income for the three months ended in Sep. 2023 was kr1,231 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was kr20,289 Mil.

Frontline's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	1230.681	/	-408.718
	=	3.01

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

Frontline (OSTO:FROO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Frontline Plc (OSTO:FROo) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

8, John Kennedy Street, 7th floor, Iris House, Office 740B, Limassol, CYP, 3106

Website

https://www.frontlineplc.cy

Frontline Plc is an international shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.

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