DOF ASA (LTS:0HMM) Interest Expense : kr-1,305 Mil (TTM As of Jun. 2023)

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What is DOF ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. DOF ASA's interest expense for the three months ended in Jun. 2023 was kr -224 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was kr-1,305 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. DOF ASA's Operating Income for the three months ended in Jun. 2023 was kr 740 Mil. DOF ASA's Interest Expense for the three months ended in Jun. 2023 was kr -224 Mil. DOF ASA's Interest Coverage for the quarter that ended in Jun. 2023 was 3.30. 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.

DOF ASA Interest Expense Historical Data

The historical data trend for DOF 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.

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DOF ASA Interest Expense Chart

DOF ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-880.00

-975.00

-948.00

-971.00

-1,380.00

DOF ASA Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Expense	Get a 7-Day Free Trial															-320.00	-365.00	-335.00	-381.00	-224.00

DOF 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-1,305 Mil.

DOF ASA (LTS:0HMM) 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.

DOF ASA's Interest Expense for the three months ended in Jun. 2023 was kr-224 Mil. Its Operating Income for the three months ended in Jun. 2023 was kr740 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was kr14,784 Mil.

DOF ASA's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	740	/	-224
	=	3.30

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. DOF ASA interest coverage is 1.63, which is low.

DOF ASA (LTS:0HMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DOF ASA (LTS:0HMM) » Definitions » Interest Expense

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Address

Alfabygget, Storebo, Austevoll, NOR, 5392

Website

https://www.dof.com

DOF ASA is active in the oil and gas markets. The company consists of team of skilled professionals who, combined with a fleet of state-of-the-art, purpose-built vessels, provide services to the Oil and Gas industry across the entire offshore life cycle. Its core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention, and diving operations. It operates in three segments: Platform Supply Vessels (PSV), Anchor Handling Tug Supply vessels (AHTS), and Subsea (Subsea vessel and subsea engineering). The Subsea segment derives the majority of its revenue. Its geographical segments are Brazil, the United Kingdom, Norway, Australia, Canada, Singapore, the United States, the Philippines, Argentina, Angola, and others.

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