Borr Drilling (OSL:BORR) Interest Expense : kr-1,687 Mil (TTM As of Dec. 2023)

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What is Borr Drilling Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Borr Drilling's interest expense for the three months ended in Dec. 2023 was kr -465 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was kr-1,687 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. Borr Drilling's Operating Income for the three months ended in Dec. 2023 was kr 849 Mil. Borr Drilling's Interest Expense for the three months ended in Dec. 2023 was kr -465 Mil. Borr Drilling's Interest Coverage for the quarter that ended in Dec. 2023 was 1.83. 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.

Borr Drilling Interest Expense Historical Data

The historical data trend for Borr Drilling'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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Borr Drilling Interest Expense Chart

Borr Drilling Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-635.29

-761.00

-834.34

-1,238.97

-1,671.03

Borr Drilling 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															-325.06	-387.59	-414.58	-419.34	-465.23

Borr Drilling 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 kr-1,687 Mil.

Borr Drilling (OSL:BORR) 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.

Borr Drilling's Interest Expense for the three months ended in Dec. 2023 was kr-465 Mil. Its Operating Income for the three months ended in Dec. 2023 was kr849 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was kr17,077 Mil.

Borr Drilling'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	*	849.227	/	-465.229
	=	1.83

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

Borr Drilling (OSL:BORR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Borr Drilling Ltd (OSL:BORR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

BORR:USA BDRILLo:Sweden BORRo:UK 0BDR:UK B2W:Germany

Address

9 Par-la-Ville Road, S.E. Pearman Building, 2nd Floor, Hamilton, BMU, HM11

Website

http://www.borrdrilling.com

Borr Drilling Ltd is a drilling contractor that owns and operates jack-up rigs of modern and high-specification designs providing drilling services to the oil and gas exploration and production industry. The company operates a fleet of 16 jack-up drilling rigs. Geographically the activities are carried out through Norway.