Havila Shipping ASA (OSL:HAVI) Interest Expense : kr-3.2 Mil (TTM As of Mar. 2024)

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What is Havila Shipping ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Havila Shipping ASA's interest expense for the three months ended in Mar. 2024 was kr -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-3.2 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. Havila Shipping ASA's Operating Income for the three months ended in Mar. 2024 was kr 1.0 Mil. Havila Shipping ASA's Interest Expense for the three months ended in Mar. 2024 was kr -0.9 Mil. Havila Shipping ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 1.04. 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.

Havila Shipping ASA Interest Expense Historical Data

The historical data trend for Havila Shipping 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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Havila Shipping ASA Interest Expense Chart

Havila Shipping ASA Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-221.09

-95.09

-6.32

-4.30

-3.18

Havila Shipping 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															-0.91	-0.82	-0.71	-0.73	-0.91

Havila Shipping 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-3.2 Mil.

Havila Shipping ASA (OSL:HAVI) 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.

Havila Shipping ASA's Interest Expense for the three months ended in Mar. 2024 was kr-0.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr1.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr25.3 Mil.

Havila Shipping 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	*	0.952	/	-0.913
	=	1.04

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

Havila Shipping ASA (OSL:HAVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Havila Shipping ASA (OSL:HAVI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

HAVIO:Sweden H4S:Germany

Address

P.O Box 215, Fosnavag, NOR, N-6099

Website

https://www.havilashipping.no

Havila Shipping ASA along with its subsidiaries is engaged in the shipping business. The company manages and operates offshore service vessels. The group is involved in the operation of approximately 27 vessels. Its segment includes Anchor handling tug service, Anchor handling tug service - Asia, Platform supply vessel, Rescue recovery vessel and Subsea operations vessels. It operates in five geographical areas namely The Norwegian, British and Danish sectors of the North Sea, Asia, Brazil, Africa and the Netherlands. The group generates revenue mainly from customers located in Norway, the UK, Denmark, Asia, and Brazil.

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