Hermitage Offshore Services (FRA:N5OA) Interest Expense : €-6.03 Mil (TTM As of Mar. 2020)

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What is Hermitage Offshore Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hermitage Offshore Services's interest expense for the three months ended in Mar. 2020 was € -1.91 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2020 was €-6.03 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. Hermitage Offshore Services's Operating Income for the three months ended in Mar. 2020 was € -3.70 Mil. Hermitage Offshore Services's Interest Expense for the three months ended in Mar. 2020 was € -1.91 Mil. Hermitage Offshore Services did not have earnings to cover the interest expense. 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.

Hermitage Offshore Services Interest Expense Historical Data

The historical data trend for Hermitage Offshore Services'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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Hermitage Offshore Services Interest Expense Chart

Hermitage Offshore Services Annual Data

Trend

Dec13

Dec14

Dec15

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Dec19

Interest Expense

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-0.69

-2.64

-3.74

-6.66

Hermitage Offshore Services Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Interest Expense	Get a 7-Day Free Trial															-2.09	-2.12	-2.00	-	-1.91

Hermitage Offshore Services 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 Mar. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was €-6.03 Mil.

Hermitage Offshore Services (FRA:N5OA) 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.

Hermitage Offshore Services's Interest Expense for the three months ended in Mar. 2020 was €-1.91 Mil. Its Operating Income for the three months ended in Mar. 2020 was €-3.70 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2020 was €128.13 Mil.

Hermitage Offshore Services's Interest Coverage for the quarter that ended in Mar. 2020 is calculated as

Hermitage Offshore Services did not have earnings to cover the interest expense.

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

Hermitage Offshore Services (FRA:N5OA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hermitage Offshore Services Ltd (FRA:N5OA) » Definitions » Interest Expense

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Address

27 Reid Street, LOM Building, Hamilton, BMU, HM 11

Website

https://www.hermitage-offshore.com

Hermitage Offshore Services Ltd is a platform supply vessel company. The company owns and operates platform supply vessels in the North Sea and in West Africa. Its operating segment is the offshore support vessel market. All the company's vessels operate in the North Sea in both the term and spot market. Its vessels are considered homogeneous and interchangeable as it has approximately the same cargo deck area and capacity.

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