Saipem SpA (Saipem SpA) Interest Expense : $-113 Mil (TTM As of Sep. 2023)

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What is Saipem SpA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Saipem SpA's interest expense for the three months ended in Sep. 2023 was $ -69 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-113 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. Saipem SpA's Operating Income for the three months ended in Sep. 2023 was $ 113 Mil. Saipem SpA's Interest Expense for the three months ended in Sep. 2023 was $ -69 Mil. Saipem SpA's Interest Coverage for the quarter that ended in Sep. 2023 was 1.63. 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.

Saipem SpA Interest Expense Historical Data

The historical data trend for Saipem SpA'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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Saipem SpA Interest Expense Chart

Saipem SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-108.08

-134.44

-166.67

-133.33

-150.42

Saipem SpA Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-47.57	-	-	-69.37	-43.48

Saipem SpA 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 $-113 Mil.

Saipem SpA (OTCPK:SAPMY) 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.

Saipem SpA's Interest Expense for the three months ended in Sep. 2023 was $-69 Mil. Its Operating Income for the three months ended in Sep. 2023 was $113 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0 Mil.

Saipem SpA'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	*	113.127	/	-69.37
	=	1.63

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

Saipem SpA (Saipem SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saipem SpA (OTCPK:SAPMY) » Definitions » Interest Expense

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Traded in Other Exchanges

SAPMF:USA SPM:Italy 0RPI:UK SPEA:Germany SPEA:Germany

Address

Via Luigi Russolo, 5, Milano, ITA, 20138

Website

https://www.saipem.com

Saipem is a conglomerate of oil and gas engineering and construction and drilling services. The company began as the services appendage of oil major Eni, although today Eni as a customer accounts for generally less than 10% of revenue. Saipem is distinguished for leading industry megaprojects like the Nord Stream pipeline carrying large volumes of natural gas from Russia to European markets.

Saipem SpA (Saipem SpA) Headlines

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