Precious Shipping PCL (Precious Shipping PCL) Interest Expense : $-16.1 Mil (TTM As of Mar. 2024)

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What is Precious Shipping PCL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Precious Shipping PCL's interest expense for the three months ended in Mar. 2024 was $ -3.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-16.1 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. Precious Shipping PCL's Operating Income for the three months ended in Mar. 2024 was $ 12.0 Mil. Precious Shipping PCL's Interest Expense for the three months ended in Mar. 2024 was $ -3.3 Mil. Precious Shipping PCL's Interest Coverage for the quarter that ended in Mar. 2024 was 3.59. 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.

Precious Shipping PCL Interest Expense Historical Data

The historical data trend for Precious Shipping PCL'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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Precious Shipping PCL Interest Expense Chart

Precious Shipping PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-22.11

-1.87

-11.52

-10.84

-15.80

Precious Shipping PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-3.01	-3.14	-3.66	-5.95	-3.34

Precious Shipping PCL 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-16.1 Mil.

Precious Shipping PCL (OTCPK:PSGFF) 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.

Precious Shipping PCL's Interest Expense for the three months ended in Mar. 2024 was $-3.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was $12.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $153.4 Mil.

Precious Shipping PCL's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	11.996	/	-3.337
	=	3.59

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

Precious Shipping PCL (Precious Shipping PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Precious Shipping PCL (OTCPK:PSGFF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PSL:Thailand PZ9:Germany

Address

No. 8 North Sathorn Road, G, Cathay House, 7th, 8th and 9th floor, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.preciousshipping.com

Precious Shipping PCL is a Thailand-based holding company engaged in the marine transportation business. It's involved in the business of owning and operating (chartering) small handy-sized and supramax dry bulk vessels, on a tramp shipping basis without any set routes. The chartering of the vessels is undertaken in two ways: time charter and voyage charge. This is the only industry segment in which the Group mainly operates and almost the majority of the revenue is generated from this segment.

Precious Shipping PCL (Precious Shipping PCL) Headlines

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