Belships ASA (OSL:BELCO) Interest Expense : kr-344 Mil (TTM As of Mar. 2024)

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What is Belships ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Belships ASA's interest expense for the three months ended in Mar. 2024 was kr -80 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-344 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. Belships ASA's Operating Income for the three months ended in Mar. 2024 was kr 203 Mil. Belships ASA's Interest Expense for the three months ended in Mar. 2024 was kr -80 Mil. Belships ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 2.54. 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.

Belships ASA Interest Expense Historical Data

The historical data trend for Belships 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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Belships ASA Interest Expense Chart

Belships ASA Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

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Dec23

Interest Expense

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-94.95

-119.01

-142.63

-257.93

-350.07

Belships ASA 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															-89.23	-92.32	-89.82	-82.14	-79.93

Belships 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-344 Mil.

Belships ASA (OSL:BELCO) 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.

Belships ASA's Interest Expense for the three months ended in Mar. 2024 was kr-80 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr203 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr5,486 Mil.

Belships ASA's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	203.222	/	-79.93
	=	2.54

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

Belships ASA (OSL:BELCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Belships ASA (OSL:BELCO) » Definitions » Interest Expense

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BELO:Sweden 0DQB:UK NS6:Germany

Address

Lilleakerveien 6D, 7th floor, Oslo, NOR, N-0283

Website

https://www.belships.com

Belships ASA is a fully integrated owner and operator of dry bulk ships. The company also provides commercial and technical ship management services. The Group is divided into the operating segments of dry bulk and technical management. The dry bulk segment is further divided into 2 reportable segments: own ships (owned or leased) and ships operating in the spot market and operation/commercial management. The operating segments have worldwide activities. Shipping, in general, offers a global service covering major global trade routes.

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