Golden Ocean Group (Golden Ocean Group) Interest Expense : $-97.8 Mil (TTM As of Dec. 2023)

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What is Golden Ocean Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Golden Ocean Group's interest expense for the three months ended in Dec. 2023 was $ -22.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-97.8 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. Golden Ocean Group's Operating Income for the three months ended in Dec. 2023 was $ 85.3 Mil. Golden Ocean Group's Interest Expense for the three months ended in Dec. 2023 was $ -22.8 Mil. Golden Ocean Group's Interest Coverage for the quarter that ended in Dec. 2023 was 3.74. 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.

Golden Ocean Group Interest Expense Historical Data

The historical data trend for Golden Ocean Group'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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Golden Ocean Group Interest Expense Chart

Golden Ocean Group Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

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Dec23

Interest Expense

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-59.55

-47.48

-39.91

-50.36

-97.82

Golden Ocean Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-13.07	-22.01	-24.18	-28.80	-22.82

Golden Ocean Group 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-97.8 Mil.

Golden Ocean Group (NAS:GOGL) 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.

Golden Ocean Group's Interest Expense for the three months ended in Dec. 2023 was $-22.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was $85.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,338.4 Mil.

Golden Ocean Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	85.344	/	-22.822
	=	3.74

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

Golden Ocean Group (Golden Ocean Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Golden Ocean Group Ltd (NAS:GOGL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GOGLo:Sweden GOGL:Norway GOGLo:UK 0RII:UK KT31:Germany

Address

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

Website

https://www.goldenocean.bm

Golden Ocean Group Ltd is a Bermuda-based dry bulk shipping company. Its business involves the transportation of dry bulk cargo including ores, coal, grains and fertilizers through its fleet of owned and chartered vessels, bareboat vessels, commercial management vessels and new buildings are chartered-out on fixed rate time charters and index-linked time charter contracts.