OP (OceanPal) Interest Expense : $-0.11 Mil (TTM As of Dec. 2024)

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What is OceanPal Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OceanPal's interest expense for the three months ended in Dec. 2024 was $ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-0.11 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. OceanPal's Operating Income for the three months ended in Dec. 2024 was $ 3.69 Mil. OceanPal's Interest Expense for the three months ended in Dec. 2024 was $ -0.08 Mil. OceanPal's Interest Coverage for the quarter that ended in Dec. 2024 was 49.21. 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.

OceanPal Interest Expense Historical Data

The historical data trend for OceanPal'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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OceanPal Interest Expense Chart

OceanPal Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-0.91

-0.11

OceanPal Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial												-	-	-	-0.03	-0.08

OceanPal 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.11 Mil.

OceanPal (NAS:OP) 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.

OceanPal's Interest Expense for the three months ended in Dec. 2024 was $-0.08 Mil. Its Operating Income for the three months ended in Dec. 2024 was $3.69 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $0.00 Mil.

OceanPal's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	3.691	/	-0.075
	=	49.21

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

OceanPal Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » OceanPal Inc (NAS:OP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Steamship Shipbroking Enterprises Inc, Pendelis 26, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.oceanpal.com

OceanPal Inc is a provider of shipping transportation services. It specializes in the ownership of vessels. Each of its vessels is owned through a separate wholly-owned subsidiary.