ION Geophysical (FRA:IO8N) Interest Expense : €-10.68 Mil (TTM As of Sep. 2021)

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What is ION Geophysical Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ION Geophysical's interest expense for the three months ended in Sep. 2021 was € -2.33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2021 was €-10.68 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. ION Geophysical's Operating Income for the three months ended in Sep. 2021 was € 5.76 Mil. ION Geophysical's Interest Expense for the three months ended in Sep. 2021 was € -2.33 Mil. ION Geophysical's Interest Coverage for the quarter that ended in Sep. 2021 was 2.48. 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.

ION Geophysical Interest Expense Historical Data

The historical data trend for ION Geophysical'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.

ION Geophysical Interest Expense Chart

ION Geophysical Annual Data

Trend

Dec11

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Dec13

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Dec16

Dec17

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Dec20

Interest Expense

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-17.52

-14.12

-11.40

-11.77

-11.35

ION Geophysical Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Expense	Get a 7-Day Free Trial															-3.12	-2.88	-2.74	-2.74	-2.33

ION Geophysical 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was €-10.68 Mil.

ION Geophysical (FRA:IO8N) 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.

ION Geophysical's Interest Expense for the three months ended in Sep. 2021 was €-2.33 Mil. Its Operating Income for the three months ended in Sep. 2021 was €5.76 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2021 was €118.91 Mil.

ION Geophysical's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2021 )	/	Interest Expense (Q: Sep. 2021 )
	=	-1	*	5.758	/	-2.326
	=	2.48

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

ION Geophysical (FRA:IO8N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ION Geophysical Corp (FRA:IO8N) » Definitions » Interest Expense

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Address

2105 CityWest Boulevard, Suite 100, Houston, TX, USA, 77042-2855

Website

https://www.iongeo.com

ION Geophysical Corp is a United States-based technology-focused company, which provides geoscience products, services, and solutions to the global oil and gas industry. The company operates through two segments: E&P Technology & Services and E&P Operations Optimization. It generates the majority of its revenue comes from the Technology & Services segment which creates digital data assets and delivers services to E&P(exploration and production) companies. Its geographical segments are Latin America, North America, Europe, Asia Pacific, Africa, Middle East, and others.

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