Ocean Sun AS (OSL:OSUN) Interest Expense : kr-0.10 Mil (TTM As of Dec. 2024)

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What is Ocean Sun AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ocean Sun AS's interest expense for the three months ended in Dec. 2024 was kr 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was kr-0.10 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. Ocean Sun AS's Operating Income for the three months ended in Dec. 2024 was kr -6.03 Mil. Ocean Sun AS's Interest Expense for the three months ended in Dec. 2024 was kr 0.00 Mil. Ocean Sun AS has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Ocean Sun AS Interest Expense Historical Data

The historical data trend for Ocean Sun 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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Ocean Sun AS Interest Expense Chart

Ocean Sun AS Annual Data

Trend

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Dec24

Interest Expense

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-0.01

Ocean Sun AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-0.01	-	-0.03	-0.08	-

Ocean Sun 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-0.10 Mil.

Ocean Sun AS (OSL:OSUN) 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.

Ocean Sun AS's Interest Expense for the three months ended in Dec. 2024 was kr0.00 Mil. Its Operating Income for the three months ended in Dec. 2024 was kr-6.03 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was kr0.00 Mil.

Ocean Sun AS's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Ocean Sun AS had no long-term debt ⁽¹⁾.

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

Ocean Sun AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ocean Sun AS (OSL:OSUN) » Definitions » Interest Expense

Traded in Other Exchanges

OW7:Germany

Address

Vollsveien 4, Lysaker, NOR, 1366

Website

https://www.oceansun.no

Ocean Sun AS manufactures and distributes floating solar power production systems. The company operates as a technology provider, offering license agreements to developers and independent power producers across the world. Its Ocean Sun systems (OS-75 and OS-50) consist of one or multiple floaters anchored side-by-side to build larger power plants. The company's technology is used in various floating solar power production projects, including Alida, Siera Brava, Haiyang (offshore), and Soneva Secret, among others. Geographically, it generates maximum revenue from Europe and Middle East, followed by North East Asia (including China), South East Asia, and the Americas.

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