Odfjell SE (OSL:ODF) Interest Expense : kr-991 Mil (TTM As of Mar. 2024)

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What is Odfjell SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Odfjell SE's interest expense for the three months ended in Mar. 2024 was kr -215 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-991 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. Odfjell SE's Operating Income for the three months ended in Mar. 2024 was kr 905 Mil. Odfjell SE's Interest Expense for the three months ended in Mar. 2024 was kr -215 Mil. Odfjell SE's Interest Coverage for the quarter that ended in Mar. 2024 was 4.20. 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.

Odfjell SE Interest Expense Historical Data

The historical data trend for Odfjell SE'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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Odfjell SE Interest Expense Chart

Odfjell SE Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-784.07

-724.76

-678.50

-809.05

-1,005.40

Odfjell SE 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															-240.14	-262.35	-289.57	-223.69	-215.43

Odfjell SE 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-991 Mil.

Odfjell SE (OSL:ODF) 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.

Odfjell SE's Interest Expense for the three months ended in Mar. 2024 was kr-215 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr905 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr7,432 Mil.

Odfjell SE'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	*	905.212	/	-215.426
	=	4.20

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

Odfjell SE (OSL:ODF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Odfjell SE (OSL:ODF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ODFO:Sweden ODFBO:Sweden ODFB:Norway O7F:Germany

Address

Conrad Mohrs veg 29, P.O. Box 6101, Postterminalen, Bergen, NOR, 5892

Website

https://www.odfjell.com

Odfjell SE is a company engaged in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other specialty products. It also owns and operates chemical tankers and tank terminals. The Company has two reportable operating segments: The Chemical Tankers involve a round-the-world service, servicing ports in Europe, North, and South America, the Middle East and Asia, Australia, and Africa, and The Tank Terminals segment offers storage of various chemical and petroleum products. It operates through various geographical regions which include North and South America, Norway, Netherlands, Australasia, Africa Middle East, and Asia, and derives a majority of its revenue from the Middle East and Asia.

Odfjell SE (OSL:ODF) Headlines

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