Star Bulk Carriers (Star Bulk Carriers) Interest Expense : $-77.7 Mil (TTM As of Dec. 2023)

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What is Star Bulk Carriers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Star Bulk Carriers's interest expense for the three months ended in Dec. 2023 was $ -22.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-77.7 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. Star Bulk Carriers's Operating Income for the three months ended in Dec. 2023 was $ 66.9 Mil. Star Bulk Carriers's Interest Expense for the three months ended in Dec. 2023 was $ -22.0 Mil. Star Bulk Carriers's Interest Coverage for the quarter that ended in Dec. 2023 was 3.03. 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.

Star Bulk Carriers Interest Expense Historical Data

The historical data trend for Star Bulk Carriers'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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Star Bulk Carriers Interest Expense Chart

Star Bulk Carriers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-80.38

-59.23

-47.80

-56.54

-87.86

Star Bulk Carriers Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-19.42	-21.58	-16.03	-18.06	-22.03

Star Bulk Carriers 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 $-77.7 Mil.

Star Bulk Carriers (NAS:SBLK) 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.

Star Bulk Carriers's Interest Expense for the three months ended in Dec. 2023 was $-22.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $66.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,007.8 Mil.

Star Bulk Carriers'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	*	66.864	/	-22.032
	=	3.03

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

Star Bulk Carriers (Star Bulk Carriers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Star Bulk Carriers Corp (NAS:SBLK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

4FAP:Germany 4FAP:Germany

Address

C/o Star Bulk Management Inc, 40 Agiou Konstantinou Street, Maroussi, Athens, GRC, 15124

Website

https://www.starbulk.com

Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport bulk, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Panamax, and Supramax. It generates revenues through the voyages it carries out.

Executives

Ramius Advisors Llc	10 percent owner	599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Rcg Enterprise Ltd	10 percent owner	599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Rcg Carpathia Master Fund Ltd	10 percent owner	C/O RAMIUS LLC, 599 LEXINGTON AVENUE, NEW YORK NY 10022
Rcg Baldwin Lp	10 percent owner	C/O RAMIUS LLC, 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Peter A Cohen	10 percent owner, other: See Explanation of Responses	40 WEST 57TH STREET, SUITE 2020, NEW YORK NY 10019
Thomas W Strauss	10 percent owner, other: See Explanation of Responses	599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Ramius Capital Group Llc	10 percent owner	599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
C4s & Co Llc	10 percent owner, other: See Explanation of Responses	RAMIUS LLC, 599 LEXINGTON AVENUE, NEW YORK NY 10022
Morgan B Stark	10 percent owner, other: See Explanation of Responses	C/O RAMIUS LLC, 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Jeffrey M Solomon	10 percent owner, other: See Explanation of Responses	599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022