SSP Offshore (SSP Offshore) Interest Expense : $0.00 Mil (TTM As of Sep. 2014)

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What is SSP Offshore Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SSP Offshore's interest expense for the three months ended in Sep. 2014 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2014 was $0.00 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. SSP Offshore's Operating Income for the three months ended in Sep. 2014 was $ -1.77 Mil. SSP Offshore's Interest Expense for the three months ended in Sep. 2014 was $ 0.00 Mil. SSP Offshore has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

SSP Offshore Interest Expense Historical Data

The historical data trend for SSP Offshore'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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SSP Offshore Interest Expense Chart

SSP Offshore Annual Data

Trend

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Interest Expense

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-0.08

SSP Offshore Quarterly Data
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SSP Offshore 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. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

SSP Offshore (OTCPK:SSZZF) 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.

SSP Offshore's Interest Expense for the three months ended in Sep. 2014 was $0.00 Mil. Its Operating Income for the three months ended in Sep. 2014 was $-1.77 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2014 was $0.00 Mil.

SSP Offshore's Interest Coverage for the quarter that ended in Sep. 2014 is calculated as

SSP Offshore had no long-term debt ⁽¹⁾.

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

SSP Offshore (SSP Offshore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SSP Offshore Inc (OTCPK:SSZZF) » Definitions » Interest Expense

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Address

Website

http://www.sspoffshore.com

SSP Offshore, Inc. and its subsidiaries are engaged in the development and commercialization of proprietary technology related to floating, production, storage and offloading vessels. The Company is also pursuing other applications for the technology other than FPSOs. The Company's product is the game changing SSP, the next generation round floater that redefines the FPSO.

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