Norse Energy ASA (OSL:NEC) Interest Expense : kr-12.27 Mil (TTM As of Sep. 2013)

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What is Norse Energy ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Norse Energy ASA's interest expense for the three months ended in Sep. 2013 was kr -0.98 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2013 was kr-12.27 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. Norse Energy ASA's Operating Income for the three months ended in Sep. 2013 was kr -55.95 Mil. Norse Energy ASA's Interest Expense for the three months ended in Sep. 2013 was kr -0.98 Mil. Norse Energy 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.

Norse Energy ASA Interest Expense Historical Data

The historical data trend for Norse Energy 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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Norse Energy ASA Interest Expense Chart

Norse Energy ASA Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Interest Expense

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-203.19

-74.06

-82.44

-89.21

-37.53

Norse Energy ASA Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Interest Expense	Get a 7-Day Free Trial															-3.32	-4.12	-3.89	-3.28	-0.98

Norse Energy 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 Sep. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-12.27 Mil.

Norse Energy ASA (OSL:NEC) 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.

Norse Energy ASA's Interest Expense for the three months ended in Sep. 2013 was kr-0.98 Mil. Its Operating Income for the three months ended in Sep. 2013 was kr-55.95 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2013 was kr30.70 Mil.

Norse Energy ASA's Interest Coverage for the quarter that ended in Sep. 2013 is calculated as

Norse Energy ASA did not have earnings to cover the interest expense.

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

Norse Energy ASA (OSL:NEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Norse Energy Corp. ASA (OSL:NEC) » Definitions » Interest Expense

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Address

Munkedamsveien 35, 3rd floor, P.O. Box 1903, Oslo, NOR, 0250

Website

http://www.northernoil.no

Norse Energy Corp ASA and its subsidiaries are engaged in the acquisition, exploration and development of oil and natural gas properties in the US.

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