HYHZF (Korea Shipbuilding & Offshore Engineering) Interest Expense : $-152 Mil (TTM As of Jun. 2024)

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What is Korea Shipbuilding & Offshore Engineering Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Korea Shipbuilding & Offshore Engineering's interest expense for the three months ended in Jun. 2024 was $ -39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-152 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. Korea Shipbuilding & Offshore Engineering's Operating Income for the three months ended in Jun. 2024 was $ 273 Mil. Korea Shipbuilding & Offshore Engineering's Interest Expense for the three months ended in Jun. 2024 was $ -39 Mil. Korea Shipbuilding & Offshore Engineering's Interest Coverage for the quarter that ended in Jun. 2024 was 6.97. 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.

Korea Shipbuilding & Offshore Engineering Interest Expense Historical Data

The historical data trend for Korea Shipbuilding & Offshore Engineering'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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Korea Shipbuilding & Offshore Engineering Interest Expense Chart

Korea Shipbuilding & Offshore Engineering Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-141.04

-190.97

-150.13

-128.21

-148.64

Korea Shipbuilding & Offshore Engineering Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-42.73	-44.52	-23.01	-45.11	-39.15

Korea Shipbuilding & Offshore Engineering 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-152 Mil.

Korea Shipbuilding & Offshore Engineering (GREY:HYHZF) 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.

Korea Shipbuilding & Offshore Engineering's Interest Expense for the three months ended in Jun. 2024 was $-39 Mil. Its Operating Income for the three months ended in Jun. 2024 was $273 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $1,046 Mil.

Korea Shipbuilding & Offshore Engineering's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	272.995	/	-39.146
	=	6.97

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

Korea Shipbuilding & Offshore Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Korea Shipbuilding & Offshore Engineering (GREY:HYHZF) » Definitions » Interest Expense

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009540:Korea

Address

75, Yulgok-ro, Jongno-gu, Seoul, KOR, 03058

Website

http://www.ksoe.co.kr

HD Korea Shipbuilding & Offshore Engineering is one of the largest shipbuilding companies in the world. It has the capability to build various types of ships, including submarines, naval ships, and auxiliary service vessels. The company is an industrial conglomerate, and operates several business divisions including Shipbuilding, Offshore & Industrial Plant Engineering, Special & Naval Shipbuilding, Marine Engine & Machinery and Industrial Machinery & Energy.