Solstad Maritime ASA (OSL:SOMA) Interest Coverage : 0 (At Loss) (As of . 20)

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What is Solstad Maritime 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. Solstad Maritime ASA's Operating Income for the six months ended in . 20 was kr0.00 Mil. Solstad Maritime ASA's Interest Expense for the six months ended in . 20 was kr0.00 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

(1) 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.

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

OSL:SOMA's Interest Coverage is not ranked ^*
in the Transportation industry.
Industry Median: 6.05
* Ranked among companies with meaningful Interest Coverage only.

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

Solstad Maritime ASA Interest Coverage Historical Data

The historical data trend for Solstad Maritime 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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Solstad Maritime ASA Interest Coverage Chart

Solstad Maritime ASA Annual Data

Trend

Interest Coverage

Solstad Maritime ASA Semi-Annual Data

Interest Coverage

Competitive Comparison of Solstad Maritime ASA's Interest Coverage

For the Marine Shipping subindustry, Solstad Maritime 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.

Solstad Maritime ASA's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Solstad Maritime ASA's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Solstad Maritime ASA's Interest Coverage falls into.

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Solstad Maritime 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.

Solstad Maritime ASA's Interest Coverage for the fiscal year that ended in . 20 is calculated as

Here, for the fiscal year that ended in . 20, Solstad Maritime ASA's Interest Expense was kr0.00 Mil. Its Operating Income was kr0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.

Solstad Maritime ASA had no debt ⁽¹⁾.

Solstad Maritime ASA's Interest Coverage for the quarter that ended in . 20 is calculated as

Here, for the six months ended in . 20, Solstad Maritime ASA's Interest Expense was kr0.00 Mil. Its Operating Income was kr0.00 Mil. And its Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.

Solstad Maritime ASA had no debt ⁽¹⁾.

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

Solstad Maritime ASA (OSL:SOMA) 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 .

Solstad Maritime ASA Interest Coverage Related Terms

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Solstad Maritime ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Solstad Maritime ASA (OSL:SOMA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

https://www.solstad.com/solstad-maritime

Solstad Maritime ASA operates a fleet consisting of 32 wholly owned vessels, including 22 CSVs and 10 AHTS. The Group also owns 1/3 of one USV vessel. In addition, It has four additional CSVs under management agreements. The majority of the vessels are equipped to carry out projects over and above traditional supply and anchor-handling services. Activities also include projects for the development of offshore wind farms. The Group generates its revenues predominantly through the chartering out of vessels and provision of certain add-on services to the offshore oil and gas and offshore renewable energy industries. The Group operates in the global offshore services market and provides marine services for the offshore energy industry through its high-end subsea and AHTS vessels globally.

Solstad Maritime ASA Headlines

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