Okea ASA (OSL:OKEA) Interest Expense : kr-505 Mil (TTM As of Mar. 2025)

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What is Okea ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Okea ASA's interest expense for the three months ended in Mar. 2025 was kr -113 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2025 was kr-505 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. Okea ASA's Operating Income for the three months ended in Mar. 2025 was kr 1,337 Mil. Okea ASA's Interest Expense for the three months ended in Mar. 2025 was kr -113 Mil. Okea ASA's Interest Coverage for the quarter that ended in Mar. 2025 was 11.81. 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.

Okea ASA Interest Expense Historical Data

The historical data trend for Okea 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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Okea ASA Interest Expense Chart

Okea ASA Annual Data

Trend

Dec15

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Dec24

Interest Expense

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-256.86

-185.33

-295.65

-291.74

-510.50

Okea ASA Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Expense	Get a 7-Day Free Trial															-119.18	-134.17	-135.95	-121.33	-113.16

Okea 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. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-505 Mil.

Okea ASA (OSL:OKEA) 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.

Okea ASA's Interest Expense for the three months ended in Mar. 2025 was kr-113 Mil. Its Operating Income for the three months ended in Mar. 2025 was kr1,337 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2025 was kr2,776 Mil.

Okea ASA's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	1336.879	/	-113.157
	=	11.81

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

Okea ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Okea ASA (OSL:OKEA) » Definitions » Interest Expense

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OKEA:Sweden

Address

Kongens Gate 8, Trondheim, NOR, 7011

Website

https://www.okea.no

Okea ASA is an independent oil producer. The company's only reportable segment is the development and production of oil and gas on the Norwegian Continental Shelf. The operations of the company include Draugen Field, Gjoa Field, Ivar Aasen, and others. The company generates the majority of its revenue from the sale of crude.

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