Ocean Rig UDW (FRA:9ORN) Interest Expense : €-27.2 Mil (TTM As of Sep. 2018)

View and export this data going back to 2014. Start your Free Trial

What is Ocean Rig UDW Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ocean Rig UDW's interest expense for the three months ended in Sep. 2018 was € -5.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2018 was €-27.2 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. Ocean Rig UDW's Operating Income for the three months ended in Sep. 2018 was € -19.4 Mil. Ocean Rig UDW's Interest Expense for the three months ended in Sep. 2018 was € -5.1 Mil. Ocean Rig UDW did not have earnings to cover the interest expense. 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.

Ocean Rig UDW Interest Expense Historical Data

The historical data trend for Ocean Rig UDW'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.

* Premium members only.

Ocean Rig UDW Interest Expense Chart

Ocean Rig UDW Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Interest Expense

Get a 7-Day Free Trial

-91.03

-181.50

-229.92

-196.16

-157.65

Ocean Rig UDW Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Interest Expense	Get a 7-Day Free Trial															-51.92	-8.43	-7.79	-5.83	-5.13

Ocean Rig UDW 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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was €-27.2 Mil.

Ocean Rig UDW (FRA:9ORN) 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.

Ocean Rig UDW's Interest Expense for the three months ended in Sep. 2018 was €-5.1 Mil. Its Operating Income for the three months ended in Sep. 2018 was €-19.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2018 was €300.0 Mil.

Ocean Rig UDW's Interest Coverage for the quarter that ended in Sep. 2018 is calculated as

Ocean Rig UDW did not have earnings to cover the interest expense.

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

Ocean Rig UDW (FRA:9ORN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ocean Rig UDW Inc (FRA:9ORN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.ocean-rig.com

Ocean Rig UDW Inc is an international offshore drilling contractor. It provides oilfield services for offshore oil and gas exploration, development and production drilling and specializing in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. The company employs drilling units primarily on a day rate basis for periods of between two months and six years to drill wells for its customers, typically major oil companies, integrated oil and gas companies, state-owned national oil companies and independent oil and gas companies.

Ocean Rig UDW (FRA:9ORN) Headlines

No Headlines