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Shelf Drilling (CHIX:SHLFO) Interest Expense : kr-1,981 Mil (TTM As of Sep. 2024)


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What is Shelf Drilling Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shelf Drilling's interest expense for the three months ended in Sep. 2024 was kr -399 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was kr-1,981 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. Shelf Drilling's Operating Income for the three months ended in Sep. 2024 was kr 702 Mil. Shelf Drilling's Interest Expense for the three months ended in Sep. 2024 was kr -399 Mil. Shelf Drilling's Interest Coverage for the quarter that ended in Sep. 2024 was 1.76. 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.

Shelf Drilling Interest Expense Historical Data

The historical data trend for Shelf 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.

* Premium members only.

Shelf Drilling Interest Expense Chart

Shelf Drilling Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -728.31 -781.05 -1,015.76 -1,134.24 -1,777.57

Shelf Drilling Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -367.86 -694.15 -390.53 -496.80 -399.41

Shelf 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-1,981 Mil.

* 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.

Shelf Drilling  (CHIX:SHLFo) Interest Expense Explanation

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. The higher, the better.

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

Shelf Drilling's Interest Expense for the three months ended in Sep. 2024 was kr-399 Mil. Its Operating Income for the three months ended in Sep. 2024 was kr702 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was kr13,618 Mil.

Shelf Drilling's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*702.154/-399.41
=1.76

* 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.

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

Shelf Drilling Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shelf Drilling Ltd (CHIX:SHLFo) » Definitions » Interest Expense
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Traded in Other Exchanges
SHLLF:USA SHLFo:Sweden SHLF:Norway 6SD:Germany
Address
One JLT, Jumeirah Lakes Towers, P.O. Box 212201, 12th Floor, Dubai, ARE
Website
https://www.shelfdrilling.com
Shelf Drilling Ltd operates as a shallow-water offshore drilling contractor. The company is engaged in the drilling and completion of exploratory and developmental offshore oil and natural gas wells. The business operates in a single segment being Contract services. Geographically, it derives a majority of its revenue from Saudi Arabia and also has a presence in Thailand; Nigeria; the United Arab Emirates; India, and Other Countries.

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