Shelf Drilling (North Sea) (OSL:SDNS) Interest Expense : kr-312 Mil (TTM As of Mar. 2024)

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What is Shelf Drilling (North Sea) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shelf Drilling (North Sea)'s interest expense for the three months ended in Mar. 2024 was kr -77 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-312 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. Shelf Drilling (North Sea)'s Operating Income for the three months ended in Mar. 2024 was kr -141 Mil. Shelf Drilling (North Sea)'s Interest Expense for the three months ended in Mar. 2024 was kr -77 Mil. Shelf Drilling (North Sea) 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.

Shelf Drilling (North Sea) Interest Expense Historical Data

The historical data trend for Shelf Drilling (North Sea)'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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Shelf Drilling (North Sea) Interest Expense Chart

Shelf Drilling (North Sea) Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-76.08

-308.04

Shelf Drilling (North Sea) Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial						-76.89	-78.81	-79.36	-75.96	-77.47

Shelf Drilling (North Sea) 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-312 Mil.

Shelf Drilling (North Sea) (OSL:SDNS) 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.

Shelf Drilling (North Sea)'s Interest Expense for the three months ended in Mar. 2024 was kr-77 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr-141 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr2,385 Mil.

Shelf Drilling (North Sea)'s Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Shelf Drilling (North Sea) did not have earnings to cover the interest expense.

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

Shelf Drilling (North Sea) (OSL:SDNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shelf Drilling (North Sea) Ltd (OSL:SDNS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lakes Towers, JLT, Floor 12, P.O. Box 212201, Jumeirah, Dubai, ARE

Website

https://www.shelfdrillingnorthsea.com

Shelf Drilling (North Sea) Ltd is a shallow-water offshore drilling contractor operating primarily in the North Sea. It is engaged in the provision of equipment and services for the drilling, completion and well maintenance of shallow water offshore oil and natural gas wells. The Group is primarily engaged in development and workover activity on producing assets, with a focus on shallow water operations in water depths of up to 500 feet.

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