Klaveness Combination Carriers ASA (OSL:KCC) Interest Expense : kr-190 Mil (TTM As of Mar. 2024)

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What is Klaveness Combination Carriers ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Klaveness Combination Carriers ASA's interest expense for the three months ended in Mar. 2024 was kr -43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-190 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. Klaveness Combination Carriers ASA's Operating Income for the three months ended in Mar. 2024 was kr 316 Mil. Klaveness Combination Carriers ASA's Interest Expense for the three months ended in Mar. 2024 was kr -43 Mil. Klaveness Combination Carriers ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 7.36. 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.

Klaveness Combination Carriers ASA Interest Expense Historical Data

The historical data trend for Klaveness Combination Carriers ASA'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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Klaveness Combination Carriers ASA Interest Expense Chart

Klaveness Combination Carriers ASA Annual Data

Trend

Dec15

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Dec23

Interest Expense

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-90.11

-103.48

-125.30

-164.03

-204.09

Klaveness Combination Carriers ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-58.99	-62.24	-59.25	-25.89	-42.96

Klaveness Combination Carriers ASA 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-190 Mil.

Klaveness Combination Carriers ASA (OSL:KCC) 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.

Klaveness Combination Carriers ASA's Interest Expense for the three months ended in Mar. 2024 was kr-43 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr316 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr1,990 Mil.

Klaveness Combination Carriers ASA's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	316.325	/	-42.958
	=	7.36

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

Klaveness Combination Carriers ASA (OSL:KCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Klaveness Combination Carriers ASA (OSL:KCC) » Definitions » Interest Expense

Traded in Other Exchanges

KCCo:Sweden 36K:Germany

Address

Drammensveien 260, Oslo, NOR, 0283

Website

https://www.combinationcarriers.com

Klaveness Combination Carriers ASA is an owner and operator of combination carriers in Norway. The company has developed and refined vessel design and equipment, operational procedures, and crew training to provide customers with the most efficient, reliable and high-quality shipping services. Its objective is to establish and expand a profitable global combination carrier service within several regions, servicing the alumina and the petroleum/petrochemical industries.

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