Atwood Oceanics (Atwood Oceanics) Interest Expense : $-61.5 Mil (TTM As of Jun. 2017)

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What is Atwood Oceanics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Atwood Oceanics's interest expense for the three months ended in Jun. 2017 was $ -13.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2017 was $-61.5 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. Atwood Oceanics's Operating Income for the three months ended in Jun. 2017 was $ 11.2 Mil. Atwood Oceanics's Interest Expense for the three months ended in Jun. 2017 was $ -13.6 Mil. Atwood Oceanics's Interest Coverage for the quarter that ended in Jun. 2017 was 0.82. 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.

Atwood Oceanics Interest Expense Historical Data

The historical data trend for Atwood Oceanics'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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Atwood Oceanics Interest Expense Chart

Atwood Oceanics Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Interest Expense

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-6.46

-24.90

-41.80

-52.55

-68.57

Atwood Oceanics Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Interest Expense	Get a 7-Day Free Trial															-19.67	-18.03	-16.29	-13.54	-13.64

Atwood Oceanics 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 Jun. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-61.5 Mil.

Atwood Oceanics (NYSE:ATW) 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.

Atwood Oceanics's Interest Expense for the three months ended in Jun. 2017 was $-13.6 Mil. Its Operating Income for the three months ended in Jun. 2017 was $11.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2017 was $1,298.1 Mil.

Atwood Oceanics's Interest Coverage for the quarter that ended in Jun. 2017 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2017 )	/	Interest Expense (Q: Jun. 2017 )
	=	-1	*	11.16	/	-13.636
	=	0.82

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

Atwood Oceanics (Atwood Oceanics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Atwood Oceanics Inc (NYSE:ATW) » Definitions » Interest Expense

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Address

Website

http://www.atwd.com

Atwood Oceanics, Inc. is an offshore drilling company that offers drilling and completion of exploratory and development oil and gas wells. An array of unique drilling units is offered globally in the offshore market. Rig options can differ by operative depth of water, bottom condition, environment and geographical area, and by drilling and operating requirement. The main fleet options consist of deepwater semisubmersibles, jackups, and ultra-deepwater rigs. The majority of Atwood's revenue is derived globally from major integrated oil and natural gas companies and independent oil and gas companies.

Executives

Jeffrey Allen Miller	director	3000 N. SAM HOUSTON PARKWAY E., HOUSTON TX 77032
Phil D Wedemeyer	director
Jack E Golden	director	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Mark W. Smith	officer: SVP & Chief Financial Officer	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Hans Helmerich	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
George S Dotson	director
James R Montague	director	FIVE RADNOR CORPORATE CENTER, SUITE 500, RADNOR PA 19087
Barry Michael Smith	officer: Sr. VP - Technical Services	15835 PARK TEN PLACE DRIEV, HOUSTON TX 77084
Robert J. Saltiel	officer: President & CEO	4 GREENWAY PLAZA, HOUSTON TX 77046
Walter A Baker	officer: Sr Vice Pres., General Counsel	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Stuart D Allen	officer: See Remarks	1004 STANFORD ST., UNIT B, HOUSTON TX 77019
Geoffrey C. Wagner	officer: VP, Marketing & Bus. Dev.	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Mark-anthony Lovell Mey	officer: Exec. VP & CFO	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Alan Quintero	officer: Senior Vice President - Operat	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084