Paratus Energy Services (FRA:U6N) Interest Expense : €-56.2 Mil (TTM As of Dec. 2024)

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What is Paratus Energy Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Paratus Energy Services's interest expense for the three months ended in Dec. 2024 was € -17.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was €-56.2 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. Paratus Energy Services's Operating Income for the three months ended in Dec. 2024 was € 7.8 Mil. Paratus Energy Services's Interest Expense for the three months ended in Dec. 2024 was € -17.1 Mil. Paratus Energy Services's Interest Coverage for the quarter that ended in Dec. 2024 was 0.46. 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.

Paratus Energy Services Interest Expense Historical Data

The historical data trend for Paratus Energy 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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Paratus Energy Services Interest Expense Chart

Paratus Energy Services Annual Data

Trend

Dec22

Dec23

Dec24

Interest Expense

-85.90

-78.22

-78.41

Paratus Energy Services Quarterly Data
	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial			-19.86	-19.62	-20.07	-19.01	-17.10

Paratus Energy 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-56.2 Mil.

Paratus Energy Services (FRA:U6N) 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.

Paratus Energy Services's Interest Expense for the three months ended in Dec. 2024 was €-17.1 Mil. Its Operating Income for the three months ended in Dec. 2024 was €7.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was €661.3 Mil.

Paratus Energy Services's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	7.831	/	-17.095
	=	0.46

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Paratus Energy Services Ltd interest coverage is 1.07, which is low.

Paratus Energy Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Paratus Energy Services Ltd (FRA:U6N) » Definitions » Interest Expense

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PLSV:Norway

Address

14 Par-La-Ville Road, Par-La-Ville Place, Hamilton, BMU, HM 08

Website

https://www.paratus-energy.com

Paratus Energy Services Ltd is a holding company. Through its subsidiaries, It operates as a drilling contractor that owns and operates five jack-up drilling units located in Mexico. It owns five jack-up rigs: West Intrepid, West Defender, West Courageous, West Oberon, and West Titania. Its other subsidiaries have a business that owns and operates six multipurpose pipelaying service vessels (PLSV) and is an oilfield service company that specializes in drilling and well services.

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