Sea1 Offshore (LTS:0I21) Interest Expense : kr-353 Mil (TTM As of Sep. 2024)

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What is Sea1 Offshore Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sea1 Offshore's interest expense for the three months ended in Sep. 2024 was kr -73 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was kr-353 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. Sea1 Offshore's Operating Income for the three months ended in Sep. 2024 was kr 321 Mil. Sea1 Offshore's Interest Expense for the three months ended in Sep. 2024 was kr -73 Mil. Sea1 Offshore's Interest Coverage for the quarter that ended in Sep. 2024 was 4.38. 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.

Sea1 Offshore Interest Expense Historical Data

The historical data trend for Sea1 Offshore'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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Sea1 Offshore Interest Expense Chart

Sea1 Offshore Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-550.34

-437.94

-217.23

-230.90

-360.88

Sea1 Offshore Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-83.48	-114.43	-87.58	-78.24	-73.21

Sea1 Offshore 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-353 Mil.

Sea1 Offshore (LTS:0I21) 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.

Sea1 Offshore's Interest Expense for the three months ended in Sep. 2024 was kr-73 Mil. Its Operating Income for the three months ended in Sep. 2024 was kr321 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was kr3,356 Mil.

Sea1 Offshore's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	320.611	/	-73.211
	=	4.38

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

Sea1 Offshore Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sea1 Offshore Inc (LTS:0I21) » Definitions » Interest Expense

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SIOFFO:Sweden SEA1:Norway S5H0:Germany

Address

Nodeviga 14, Kristiansand, NOR, 4610

Website

https://www.sea1offshore.com

Sea1 Offshore Inc is a vessel provider to the offshore oil and gas and renewable industry. It has 28 vessels and includes platform supply vessels, anchor handling tug and supply as well as offshore subsea construction and well intervention vessels.

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