Norwegian Air Shuttle ASA (OSL:NAS) Interest Expense : kr-965 Mil (TTM As of Mar. 2024)

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What is Norwegian Air Shuttle ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Norwegian Air Shuttle ASA's interest expense for the three months ended in Mar. 2024 was kr -279 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-965 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. Norwegian Air Shuttle ASA's Operating Income for the three months ended in Mar. 2024 was kr -637 Mil. Norwegian Air Shuttle ASA's Interest Expense for the three months ended in Mar. 2024 was kr -279 Mil. Norwegian Air Shuttle ASA 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.

Norwegian Air Shuttle ASA Interest Expense Historical Data

The historical data trend for Norwegian Air Shuttle 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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Norwegian Air Shuttle ASA Interest Expense Chart

Norwegian Air Shuttle ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3,108.60

-2,690.70

-682.30

-650.00

-848.00

Norwegian Air Shuttle ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-162.30	-212.60	-226.60	-246.50	-278.90

Norwegian Air Shuttle 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-965 Mil.

Norwegian Air Shuttle ASA (OSL:NAS) 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.

Norwegian Air Shuttle ASA's Interest Expense for the three months ended in Mar. 2024 was kr-279 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr-637 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr14,212 Mil.

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

Norwegian Air Shuttle ASA did not have earnings to cover the interest expense.

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

Norwegian Air Shuttle ASA (OSL:NAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Norwegian Air Shuttle ASA (OSL:NAS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NWARF:USA NASo:Sweden NASo:UK 0FGH:UK NWC:Germany

Address

Oksenoyveien 3, Fornebu, P.O. Box 113, Lysaker, NOR, NO-1366

Website

https://www.norwegian.com

Norwegian Air Shuttle ASA operates a short-haul network across the Nordics and to key European destinations. The group provides its customers with excellent quality at affordable fares with a network of more than 300 routes. The group has one operating segment, which is low-cost air passenger travel. Norwegian believes in affordable fares for all and offers quality flights at a low fare based on operational excellence and helpful, friendly service.

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