Nordic Halibut AS (OSL:NOHAL) Interest Expense : kr-11.70 Mil (TTM As of Mar. 2024)

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What is Nordic Halibut AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nordic Halibut AS's interest expense for the three months ended in Mar. 2024 was kr -2.65 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-11.70 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. Nordic Halibut AS's Operating Income for the three months ended in Mar. 2024 was kr -16.91 Mil. Nordic Halibut AS's Interest Expense for the three months ended in Mar. 2024 was kr -2.65 Mil. Nordic Halibut AS 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.

Nordic Halibut AS Interest Expense Historical Data

The historical data trend for Nordic Halibut 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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Nordic Halibut AS Interest Expense Chart

Nordic Halibut AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6.11

-5.57

-6.26

-4.52

-10.61

Nordic Halibut AS Quarterly Data
	Dec16	Dec17	Dec18	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															-1.56	-1.69	-2.78	-4.58	-2.65

Nordic Halibut 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-11.70 Mil.

Nordic Halibut AS (OSL:NOHAL) 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.

Nordic Halibut AS's Interest Expense for the three months ended in Mar. 2024 was kr-2.65 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr-16.91 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr98.82 Mil.

Nordic Halibut AS's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Nordic Halibut AS did not have earnings to cover the interest expense.

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

Nordic Halibut AS (OSL:NOHAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nordic Halibut AS (OSL:NOHAL) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Hendnesveien 124, Averoy, NOR, 6533

Website

https://www.nordichalibut.com

Nordic Halibut AS is a producer of farmed Atlantic halibut in the world. Its products include Fresh Nordic Halibut on ice and Frozen portions. Geographically it operates in Norway, the USA which generates substantial revenue, the UK, and Other markets.

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