Oceanpact Servicos Maritimos (BSP:OPCT3) Interest Expense : R$-189 Mil (TTM As of Dec. 2023)

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What is Oceanpact Servicos Maritimos Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oceanpact Servicos Maritimos's interest expense for the three months ended in Dec. 2023 was R$ -45 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R$-189 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. Oceanpact Servicos Maritimos's Operating Income for the three months ended in Dec. 2023 was R$ 51 Mil. Oceanpact Servicos Maritimos's Interest Expense for the three months ended in Dec. 2023 was R$ -45 Mil. Oceanpact Servicos Maritimos's Interest Coverage for the quarter that ended in Dec. 2023 was 1.14. 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.

Oceanpact Servicos Maritimos Interest Expense Historical Data

The historical data trend for Oceanpact Servicos Maritimos'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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Oceanpact Servicos Maritimos Interest Expense Chart

Oceanpact Servicos Maritimos Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-19.54

-34.09

-73.36

-176.85

-189.05

Oceanpact Servicos Maritimos Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-46.63	-44.05	-45.88	-54.47	-44.65

Oceanpact Servicos Maritimos 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-189 Mil.

Oceanpact Servicos Maritimos (BSP:OPCT3) 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.

Oceanpact Servicos Maritimos's Interest Expense for the three months ended in Dec. 2023 was R$-45 Mil. Its Operating Income for the three months ended in Dec. 2023 was R$51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was R$924 Mil.

Oceanpact Servicos Maritimos's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	50.762	/	-44.651
	=	1.14

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

Oceanpact Servicos Maritimos (BSP:OPCT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Oceanpact Servicos Maritimos SA (BSP:OPCT3) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Rua da Gloria, 122 - 11 Andar, Gloria, Rio de Janeiro, BRA, 20241-180

Website

https://www.oceanpact.com

Oceanpact Servicos Maritimos SA specialized in the management and response to emergency situations occurring in marine and coastal environments. It develops and implements safe, efficient and innovative solutions in the areas of the environment, subsea operations and logistical and engineering support. The company offers services for the study, protection, monitoring and sustainable use of the sea, the coast and marine resources for customers from different sectors of the economy, such as oil and gas, energy, mining, telecommunications, port, navigation, tourism, fishing and aquaculture.

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