Golar LNG (Golar LNG) Interest Expense

: $0.0 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Golar LNG's interest expense for the three months ended in Dec. 2023 was $ 1.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $0.0 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. Golar LNG's Operating Income for the three months ended in Dec. 2023 was $ 47.9 Mil. Golar LNG's Interest Expense for the three months ended in Dec. 2023 was $ 1.1 Mil. Golar LNG did not have earnings to cover the interest expense. 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.

Golar LNG Interest Expense Historical Data

The historical data trend for Golar 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.

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Golar LNG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-103.12

-45.40

-37.39

-20.06

-1.98

Golar 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															-2.88	-0.36	-0.61	-0.14	1.11

Golar 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 $0.0 Mil.

Golar LNG (NAS:GLNG) 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.

Golar LNG's Interest Expense for the three months ended in Dec. 2023 was $1.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $47.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $880.0 Mil.

Golar LNG's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

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

Golar LNG (Golar LNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golar LNG Ltd (NAS:GLNG) » Definitions » Interest Expense

Comparable Companies

INSW KNTK HESM NS TNK DHT VNOM LPG GLP PAGP TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

GLNG:Mexico G2O:Germany G20:Germany G2O:Germany

Address

9 Par-la-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11

Website

https://www.golarlng.com

Golar LNG Ltd is a midstream LNG company operates in the transportation, regasification, liquefaction, and trading of LNG. The segment in which the group operates includes Shipping, FLNG (Floating Liquefaction Natural Gas vessels), Power, and Corporate and other. It generates maximum revenue from the FLNG segment.