DOF Group ASA (OSL:DOFG) Interest Coverage : 2.32 (As of Dec. 2024)

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What is DOF Group ASA Interest Coverage?

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 by its Interest Expense. DOF Group ASA's Operating Income for the three months ended in Dec. 2024 was kr808 Mil. DOF Group ASA's Interest Expense for the three months ended in Dec. 2024 was kr-348 Mil. DOF Group ASA's interest coverage for the quarter that ended in Dec. 2024 was 2.32. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for DOF Group ASA's Interest Coverage or its related term are showing as below:

OSL:DOFG' s Interest Coverage Range Over the Past 10 Years
Min: 0.69 Med: 1.13 Max: 2.59
Current: 2.37

OSL:DOFG's Interest Coverage is ranked worse than
78.16% of 1323 companies
in the Construction industry
Industry Median: 7.28 vs OSL:DOFG: 2.37

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

DOF Group ASA Interest Coverage Historical Data

The historical data trend for DOF Group ASA's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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DOF Group ASA Interest Coverage Chart

DOF Group ASA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Coverage

1.13

0.69

1.03

2.03

2.59

DOF Group ASA Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial									1.79	2.04	2.25	2.92	2.32

Competitive Comparison of DOF Group ASA's Interest Coverage

For the Engineering & Construction subindustry, DOF Group ASA's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

DOF Group ASA's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, DOF Group ASA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where DOF Group ASA's Interest Coverage falls into.

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DOF Group ASA Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

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

DOF Group ASA's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, DOF Group ASA's Interest Expense was kr-1,167 Mil. Its Operating Income was kr3,018 Mil. And its Long-Term Debt & Capital Lease Obligation was kr16,707 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	3018.288	/	-1166.922
	=	2.59

DOF Group ASA's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, DOF Group ASA's Interest Expense was kr-348 Mil. Its Operating Income was kr808 Mil. And its Long-Term Debt & Capital Lease Obligation was kr16,707 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	807.869	/	-347.832
	=	2.32

The higher the ratio, the stronger the company's Financial Strength is.

DOF Group ASA (OSL:DOFG) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

DOF Group ASA Interest Coverage Related Terms

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DOF Group ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » DOF Group ASA (OSL:DOFG) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

DOFGo:Sweden DOFGo:UK UV3:Germany

Address

Alfabygget, Storebo, NOR, 5392

Website

https://www.dof.com

DOF Group ASA is a provider of integrated subsea projects and marine services to the offshore energy market. DOF operates in five segments, which include DOF Subsea Group, DOF Rederi, Norskan Offshore Ltda, DOF Denmark, and Corporate and vessel management. The majority of revenue is derived from the subsea segment, which is engaged in subsea engineering and shipowning. The company generates the majority of its revenue from the DOF Subsea segment. The activities from the subsea operations include Subsea IMR projects contracts ("subsea projects") and fixed time charter contracts ("long-term chartering").

DOF Group ASA Headlines

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