Okeanis Eco Tankers (Okeanis Eco Tankers) Interest Expense : $-56.2 Mil (TTM As of Sep. 2023)

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What is Okeanis Eco Tankers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Okeanis Eco Tankers's interest expense for the three months ended in Sep. 2023 was $ -15.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-56.2 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. Okeanis Eco Tankers's Operating Income for the three months ended in Sep. 2023 was $ 35.4 Mil. Okeanis Eco Tankers's Interest Expense for the three months ended in Sep. 2023 was $ -15.7 Mil. Okeanis Eco Tankers's Interest Coverage for the quarter that ended in Sep. 2023 was 2.26. 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.

Okeanis Eco Tankers Interest Expense Historical Data

The historical data trend for Okeanis Eco Tankers'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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Okeanis Eco Tankers Interest Expense Chart

Okeanis Eco Tankers Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

-28.24

-34.37

-27.08

-35.08

Okeanis Eco Tankers Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-10.06	-10.11	-14.68	-15.75	-15.65

Okeanis Eco Tankers 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-56.2 Mil.

Okeanis Eco Tankers (NYSE:ECO) 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.

Okeanis Eco Tankers's Interest Expense for the three months ended in Sep. 2023 was $-15.7 Mil. Its Operating Income for the three months ended in Sep. 2023 was $35.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $626.4 Mil.

Okeanis Eco Tankers's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	35.426	/	-15.65
	=	2.26

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

Okeanis Eco Tankers (Okeanis Eco Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Okeanis Eco Tankers Corp (NYSE:ECO) » Definitions » Interest Expense

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Traded in Other Exchanges

OETo:Sweden OET:Norway OETo:UK 7OK:Germany 7OK:Germany

Address

Ethnarchou Makariou av, & 2 D. Falireos street, Neo Faliro, Piraeus, GRC, 18547

Website

https://www.okeanisecotankers.com

Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.