Globus Maritime (FRA:0G93) Interest Expense : €-3.93 Mil (TTM As of Dec. 2023)

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What is Globus Maritime Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Globus Maritime's interest expense for the three months ended in Dec. 2023 was € -1.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-3.93 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. Globus Maritime's Operating Income for the three months ended in Dec. 2023 was € 0.66 Mil. Globus Maritime's Interest Expense for the three months ended in Dec. 2023 was € -1.08 Mil. Globus Maritime's Interest Coverage for the quarter that ended in Dec. 2023 was 0.61. 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.

Globus Maritime Interest Expense Historical Data

The historical data trend for Globus Maritime'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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Globus Maritime Interest Expense Chart

Globus Maritime Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.63

-3.34

-2.26

-2.14

-3.85

Globus Maritime Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.82	-0.84	-0.89	-1.12	-1.08

Globus Maritime 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-3.93 Mil.

Globus Maritime (FRA:0G93) 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.

Globus Maritime's Interest Expense for the three months ended in Dec. 2023 was €-1.08 Mil. Its Operating Income for the three months ended in Dec. 2023 was €0.66 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €41.96 Mil.

Globus Maritime's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	0.662	/	-1.079
	=	0.61

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

Globus Maritime (FRA:0G93) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globus Maritime Ltd (FRA:0G93) » Definitions » Interest Expense

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GLBS:USA

Address

128 Vouliagmenis Avenue, 3rd Floor, Glyfada, Athens, GRC, 166 74

Website

http://www.globusmaritime.gr

Globus Maritime Ltd is a dry bulk shipping company that provides marine transportation services internationally. The company owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargo. Its operations are managed by its subsidiary which also provides in-house commercial and technical management for its vessels and also offers consulting services for an affiliated ship management company. It generates maximum revenues by charging customers for the use of vessels to transport dry bulk commodities.

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