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North Atlantic Drilling (FRA:2NAA) Interest Expense : €-96.6 Mil (TTM As of Dec. 2017)


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What is North Atlantic Drilling Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. North Atlantic Drilling's interest expense for the three months ended in Dec. 2017 was € 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2017 was €-96.6 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. North Atlantic Drilling's Operating Income for the three months ended in Dec. 2017 was € 0.0 Mil. North Atlantic Drilling's Interest Expense for the three months ended in Dec. 2017 was € 0.0 Mil. GuruFocus does not calculate North Atlantic Drilling's interest coverage with the available data. 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.


North Atlantic Drilling Interest Expense Historical Data

The historical data trend for North Atlantic 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.

North Atlantic Drilling Interest Expense Chart

North Atlantic Drilling Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Interest Expense
Get a 7-Day Free Trial -61.98 -83.78 -89.69 -100.49 -68.87

North Atlantic Drilling Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Dec17
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 -23.70 -25.22 -24.68 -22.96 -

North Atlantic 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 Dec. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was €-96.6 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.


North Atlantic Drilling  (FRA:2NAA) 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.

North Atlantic Drilling's Interest Expense for the three months ended in Dec. 2017 was €0.0 Mil. Its Operating Income for the three months ended in Dec. 2017 was €0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2017 was €323.5 Mil.

North Atlantic Drilling's Interest Coverage for the quarter that ended in Dec. 2017 is calculated as

GuruFocus does not calculate North Atlantic Drilling's interest coverage with the available data.

* 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.


North Atlantic Drilling Business Description

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North Atlantic Drilling Ltd is a Bermuda-based offshore drilling contractor which focused on operations in the North Atlantic Region. The company operates offshore drilling rigs in operation offshore Norway and the United Kingdom. It also provides harsh environment drilling services to the oil and gas industry. The company's fleet of offshore drilling units of the company consists of drill ships, semi-submersible rigs, jack-up rigs and tender rigs. It operates its business in Norway, United Kingdom, and Russia and most of the revenue come from Norway.

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