Valaris (Valaris) Interest Expense : $-69 Mil (TTM As of Dec. 2023)

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What is Valaris Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Valaris's interest expense for the three months ended in Dec. 2023 was $ -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-69 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. Valaris's Operating Income for the three months ended in Dec. 2023 was $ 30 Mil. Valaris's Interest Expense for the three months ended in Dec. 2023 was $ -22 Mil. Valaris'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.

Valaris Interest Expense Historical Data

The historical data trend for Valaris'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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Valaris Interest Expense Chart

Valaris Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-428.30

-290.60

-45.30

-68.90

Valaris Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial											-10.50	-11.10	-16.70	-19.40	-21.70

Valaris 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 $-69 Mil.

Valaris (NYSE:VAL) 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.

Valaris's Interest Expense for the three months ended in Dec. 2023 was $-22 Mil. Its Operating Income for the three months ended in Dec. 2023 was $30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,128 Mil.

Valaris'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	*	30	/	-21.7
	=	1.38

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

Valaris (Valaris) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Valaris Ltd (NYSE:VAL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Church Street, Claredon House, Hamilton, BMU, HM 11

Website

https://www.valaris.com

Valaris Ltd is the industry leader in offshore drilling services across all water depths and geographies. It is a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups.

Executives

Grable Colleen	officer: Controller	5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Oak Hill Advisors Lp	10 percent owner	1 VANDERBILT AVE, 16TH FLOOR, NEW YORK NY 10017
Kristian Johansen	director	5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77024
Catherine Hughes	director	5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Matthew Lyne	officer: SVP - CCO	5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Christopher T Weber	officer: SVP - CFO	5 GREENWAY PLAZA, SUITE 100, HOUSTON TX 77046
Gunnar W. Eliassen	director	C/O QUINTANA MINERALS CORPORATION, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Davor Vudakin	officer: SVP & General Counsel	C/O VALARIS LIMITED, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11
Darin Gibbins	officer: Interim CFO and VP	5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Anton Dibowitz	director	C/O VALARIS, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11
Joseph Goldschmid	director, other: See Remarks	C/O VALARIS, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 00000
Elizabeth Leykum	director	C/O 5500 TRILLIUM BOULEVARD, SUITE 501, HOFFMAN ESTATES IL 60192
Deepak Munganahalli	director	C/O VALARIS, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 00000
Dick Fagerstal	director	C/O SEACOR HOLDINGS INC., 460 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10022
Oak Hill Advisors Genpar, L.p.	10 percent owner	1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036