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TGS ASA (FRA:TGC) Interest Expense : €-8.2 Mil (TTM As of Mar. 2024)


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What is TGS ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TGS ASA's interest expense for the three months ended in Mar. 2024 was € -4.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-8.2 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. TGS ASA's Operating Income for the three months ended in Mar. 2024 was € -8.7 Mil. TGS ASA's Interest Expense for the three months ended in Mar. 2024 was € -4.0 Mil. TGS ASA 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.

TGS ASA Interest Expense Historical Data

The historical data trend for TGS ASA'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.

TGS ASA Interest Expense Chart

TGS ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.87 -2.15 -2.19 -4.99 -9.71

TGS ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -5.67 -3.51 -1.89 1.20 -3.99

TGS ASA 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-8.2 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.

TGS ASA  (FRA:TGC) 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.

TGS ASA's Interest Expense for the three months ended in Mar. 2024 was €-4.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-8.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €108.7 Mil.

TGS ASA's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

TGS ASA did not have earnings to cover the interest expense.

* 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.

TGS ASA (FRA:TGC) Business Description

Industry
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TGSGY:USA TGSo:Sweden TGS:Norway 0MSJ:UK TGC:Germany
Address
Askekroken 11, Oslo, NOR, 0277
Website
https://www.tgs.com
TGS ASA provides geoscientific data products and services to the oil and gas industry to assist with licensing rounds and the preparation of regional data programs. It invests in multiclient data projects in frontier, emerging, and mature markets worldwide to develop a library of seismic imaging, well data, and interpretive products and services. Reportable segments are Western Hemisphere, Eastern Hemisphere, Digital Energy Solutions, Data Acquisition and Others. The company offers interpretation studies and services that integrate seismic, well logs, biostratigraphic data, core data and other geoscientific data to create basin-wide regional frameworks. TGS' geoscientists also contract consulting work in geology, geophysics, and petrophysics. Majority revenue comes from Latin America.

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