CKNHF (Clarkson) Interest Expense : $-2.3 Mil (TTM As of Jun. 2024)

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What is Clarkson Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Clarkson's interest expense for the six months ended in Jun. 2024 was $ -1.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-2.3 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. Clarkson's Operating Income for the six months ended in Jun. 2024 was $ 57.3 Mil. Clarkson's Interest Expense for the six months ended in Jun. 2024 was $ -1.1 Mil. Clarkson's Interest Coverage for the quarter that ended in Jun. 2024 was 50.00. 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.

Clarkson Interest Expense Historical Data

The historical data trend for Clarkson'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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Clarkson Interest Expense Chart

Clarkson Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.01

-2.96

-2.93

-2.31

-2.15

Clarkson Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-1.48	-0.85	-1.01	-1.14	-1.15

Clarkson 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-2.3 Mil.

Clarkson (OTCPK:CKNHF) 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.

Clarkson's Interest Expense for the six months ended in Jun. 2024 was $-1.1 Mil. Its Operating Income for the six months ended in Jun. 2024 was $57.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was $36.8 Mil.

Clarkson's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	57.252	/	-1.145
	=	50.00

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Clarkson PLC has enough cash to cover all of its debt. Its financial situation is stable.

Clarkson Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Clarkson PLC (OTCPK:CKNHF) » Definitions » Interest Expense

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Traded in Other Exchanges

CKNl:UK CKN:UK 1DH:Germany

Address

Commodity Quay, St Katharine Docks, London, GBR, E1W 1BF

Website

https://www.clarksons.com

Clarkson PLC is a shipbroking company that services the transportation industry. The company organizes itself into four segments: broking, financial, support, and research. Broking, which generates the vast majority of revenue, provides shipbroking services for ocean transporters. Financial, the next most significant segment, provides investment banking and asset finance services in the shipping, offshore, and real estate sectors. Geographically, it derives a majority of revenue from Europe, the Middle East, and Africa.