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Flex LNG (Flex LNG) Interest Expense : $-108.7 Mil (TTM As of Dec. 2023)


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What is Flex LNG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Flex LNG's interest expense for the three months ended in Dec. 2023 was $ -27.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-108.7 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. Flex LNG's Operating Income for the three months ended in Dec. 2023 was $ 57.7 Mil. Flex LNG's Interest Expense for the three months ended in Dec. 2023 was $ -27.7 Mil. Flex LNG's Interest Coverage for the quarter that ended in Dec. 2023 was 2.09. 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.

Flex LNG Interest Expense Historical Data

The historical data trend for Flex LNG'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.

* Premium members only.

Flex LNG Interest Expense Chart

Flex LNG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -33.88 -41.81 -56.22 -76.60 -108.72

Flex LNG 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -24.54 -26.32 -27.20 -27.54 -27.66

Flex LNG 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 $-108.7 Mil.

* 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.

Flex LNG  (NYSE:FLNG) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Flex LNG's Interest Expense for the three months ended in Dec. 2023 was $-27.7 Mil. Its Operating Income for the three months ended in Dec. 2023 was $57.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,708.3 Mil.

Flex LNG'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*57.724/-27.655
=2.09

* 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.

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

Flex LNG (Flex LNG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flex LNG Ltd (NYSE:FLNG) » Definitions » Interest Expense
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Traded in Other Exchanges
FLNGo:Sweden FLNG:Norway FLNGo:UK 0RQ8:UK 0QQA:Germany
Address
14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM08
Website
https://www.flexlng.com
Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.

Flex LNG (Flex LNG) Headlines

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