Castor Maritime (Castor Maritime) Interest Expense : $-9.83 Mil (TTM As of Dec. 2023)

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What is Castor Maritime Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Castor Maritime's interest expense for the three months ended in Dec. 2023 was $ -2.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-9.83 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. Castor Maritime's Operating Income for the three months ended in Dec. 2023 was $ 7.34 Mil. Castor Maritime's Interest Expense for the three months ended in Dec. 2023 was $ -2.13 Mil. Castor Maritime's Interest Coverage for the quarter that ended in Dec. 2023 was 3.44. 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.

Castor Maritime Interest Expense Historical Data

The historical data trend for Castor Maritime'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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Castor Maritime Interest Expense Chart

Castor Maritime Annual Data

Trend

Sep17

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.21

-1.03

-1.85

-6.82

-9.83

Castor Maritime Quarterly Data
	Mar19	Jun19	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															-2.34	-2.29	-3.03	-2.38	-2.13

Castor Maritime 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 $-9.83 Mil.

Castor Maritime (NAS:CTRM) 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.

Castor Maritime's Interest Expense for the three months ended in Dec. 2023 was $-2.13 Mil. Its Operating Income for the three months ended in Dec. 2023 was $7.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $65.71 Mil.

Castor Maritime'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	*	7.337	/	-2.132
	=	3.44

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

Castor Maritime (Castor Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Castor Maritime Inc (NAS:CTRM) » Definitions » Interest Expense

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Traded in Other Exchanges

1C1A:Germany

Address

223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, CYP, 3036

Website

https://www.castormaritime.com

Castor Maritime Inc is a provider of seaborne transportation services for dry bulk cargo, including iron ore, coal, grain, steel products, fertilizers, cement, bauxite, sugar, and scrap metal, among others. The firm operates under four reportable segments namely Dry bulk; Aframax/LR2 tanker; Handysize tanker and Container ship. It generates maximum revenue from the Dry bulk segment.