Norsk Hydro ASA (Norsk Hydro ASA) Interest Expense : $-220 Mil (TTM As of Dec. 2023)

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What is Norsk Hydro ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Norsk Hydro ASA's interest expense for the three months ended in Dec. 2023 was $ -83 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-220 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. Norsk Hydro ASA's Operating Income for the three months ended in Dec. 2023 was $ 1,098 Mil. Norsk Hydro ASA's Interest Expense for the three months ended in Dec. 2023 was $ -83 Mil. Norsk Hydro ASA's Interest Coverage for the quarter that ended in Dec. 2023 was 13.27. 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.

Norsk Hydro ASA Interest Expense Historical Data

The historical data trend for Norsk Hydro ASA'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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Norsk Hydro ASA Interest Expense Chart

Norsk Hydro ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-128.32

-127.60

-123.48

-127.53

-221.25

Norsk Hydro ASA 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															-47.98	-45.19	-44.18	-47.46	-82.75

Norsk Hydro ASA 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 $-220 Mil.

Norsk Hydro ASA (OTCPK:NHYDY) 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.

Norsk Hydro ASA's Interest Expense for the three months ended in Dec. 2023 was $-83 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,098 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,747 Mil.

Norsk Hydro ASA'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	*	1097.882	/	-82.754
	=	13.27

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

Norsk Hydro ASA (Norsk Hydro ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norsk Hydro ASA (OTCPK:NHYDY) » Definitions » Interest Expense

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Traded in Other Exchanges

NHYKF:USA NHYo:Sweden NHY:Norway NHYo:UK 0Q11:UK NOH1:Germany

Address

Postboks 980 Skøyen,, Oslo, NOR, NO-0240

Website

https://www.hydro.com

Norsk Hydro ASA is an aluminium and renewable energy company committed to a sustainable future. It's engaged in energy to bauxite mining and alumina refining, primary aluminium, aluminium extrusions, and aluminium recycling. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Extrusions, and Hydro Energy, as well as the Hydro Metal Markets activities. Hydro Extrusions delivers products within extrusion profiles, building systems, and precision tubing, and is operating several recycling facilities, both integrated with its extrusion plants and separate plants. Hydro Extrusions are present in about 40 countries. It is delivered to sectors such as construction, automotive and heating, etc. Key revenue comes from the Hydro Extrusions segment.

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