Beerenberg AS (OSL:BBERG) Interest Expense : kr-111 Mil (TTM As of Dec. 2023)

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What is Beerenberg AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Beerenberg AS's interest expense for the six months ended in Dec. 2023 was kr -76 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was kr-111 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. Beerenberg AS's Operating Income for the six months ended in Dec. 2023 was kr 57 Mil. Beerenberg AS's Interest Expense for the six months ended in Dec. 2023 was kr -76 Mil. Beerenberg AS's Interest Coverage for the quarter that ended in Dec. 2023 was 0.76. 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.

Beerenberg AS Interest Expense Historical Data

The historical data trend for Beerenberg AS'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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Beerenberg AS Interest Expense Chart

Beerenberg AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-92.68

-83.74

-88.51

-110.95

Beerenberg AS Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-	-35.60	-52.91	-35.30	-75.65

Beerenberg AS 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr-111 Mil.

Beerenberg AS (OSL:BBERG) 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.

Beerenberg AS's Interest Expense for the six months ended in Dec. 2023 was kr-76 Mil. Its Operating Income for the six months ended in Dec. 2023 was kr57 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was kr412 Mil.

Beerenberg AS's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	57.472	/	-75.65
	=	0.76

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

Beerenberg AS (OSL:BBERG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Beerenberg AS (OSL:BBERG) » Definitions » Interest Expense

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Traded in Other Exchanges

ZA9:Germany

Address

Kokstaddalen 33, P.O.Box 273, Slåtthaug, Bergen, NOR, N-5851

Website

https://www.beerenberg.com

Beerenberg AS is a company engaged in contract work, production, industrial maintenance, trading, agency and commission work, and to take interests in other enterprises engaged in similar activities. Its Business activities include innovative service solutions for the oil and gas industry, covering the entire life cycle from field studies and newbuilds to maintenance, modifications, and lifetime extensions. The business area Services include Beerenberg´s core ISS disciplines Insulation, Scaffolding and Surface treatment, as well as passive fire protection, technical cleaning, rope access techniques, robotic surface treatment, architectural outfitting services.

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