Viking Line Abp (OHEL:VIK1V) Interest Expense : €-11.1 Mil (TTM As of Mar. 2024)

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What is Viking Line Abp Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Viking Line Abp's interest expense for the three months ended in Mar. 2024 was € -3.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-11.1 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. Viking Line Abp's Operating Income for the three months ended in Mar. 2024 was € -10.5 Mil. Viking Line Abp's Interest Expense for the three months ended in Mar. 2024 was € -3.4 Mil. Viking Line Abp did not have earnings to cover the interest expense. 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.

Viking Line Abp Interest Expense Historical Data

The historical data trend for Viking Line Abp'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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Viking Line Abp Interest Expense Chart

Viking Line Abp Annual Data

Trend

Dec14

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Dec19

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Dec23

Interest Expense

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-3.30

-2.90

-3.60

-5.10

-10.50

Viking Line Abp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-2.80	-3.40	-2.30	-2.00	-3.40

Viking Line Abp 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-11.1 Mil.

Viking Line Abp (OHEL:VIK1V) 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.

Viking Line Abp's Interest Expense for the three months ended in Mar. 2024 was €-3.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-10.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €144.5 Mil.

Viking Line Abp's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Viking Line Abp did not have earnings to cover the interest expense.

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

Viking Line Abp (OHEL:VIK1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Viking Line Abp (OHEL:VIK1V) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Norragatan 4, P.O. Box 166, Aland, Mariehamn, FIN, AX-22101

Website

https://www.vikingline.fi

Viking Line Abp is a Finland-based company engaged in providing passenger and cargo carrier services in the northern Baltic Sea. It also offers onboard services such as shopping, food and professional entertainment and hotel services. The group's operations are divided into two operating segments: Vessels and Unallocated. The Vessel operating segment, which is the key revenue driver, comprises direct revenue and expenses including depreciation and amortization that is attributable to vessel operations. The Unallocated operating segment mainly comprises unallocated marketing and administrative expenses. The business of the group is primarily operated in Finland.

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