ElectroMagnetic GeoServices ASA (OSTO:EMGSO) Interest Expense : kr-34.6 Mil (TTM As of Dec. 2024)

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What is ElectroMagnetic GeoServices ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ElectroMagnetic GeoServices ASA's interest expense for the three months ended in Dec. 2024 was kr -10.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was kr-34.6 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. ElectroMagnetic GeoServices ASA's Operating Income for the three months ended in Dec. 2024 was kr 98.9 Mil. ElectroMagnetic GeoServices ASA's Interest Expense for the three months ended in Dec. 2024 was kr -10.6 Mil. ElectroMagnetic GeoServices ASA's Interest Coverage for the quarter that ended in Dec. 2024 was 9.32. 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.

ElectroMagnetic GeoServices ASA Interest Expense Historical Data

The historical data trend for ElectroMagnetic GeoServices 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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ElectroMagnetic GeoServices ASA Interest Expense Chart

ElectroMagnetic GeoServices ASA Annual Data

Trend

Dec15

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Dec24

Interest Expense

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-41.22

-31.96

-31.94

-35.91

-36.02

ElectroMagnetic GeoServices ASA 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															-9.03	-8.69	-7.43	-7.90	-10.61

ElectroMagnetic GeoServices 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-34.6 Mil.

ElectroMagnetic GeoServices ASA (OSTO:EMGSo) 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.

ElectroMagnetic GeoServices ASA's Interest Expense for the three months ended in Dec. 2024 was kr-10.6 Mil. Its Operating Income for the three months ended in Dec. 2024 was kr98.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was kr0.4 Mil.

ElectroMagnetic GeoServices ASA's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	98.897	/	-10.614
	=	9.32

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

ElectroMagnetic GeoServices ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ElectroMagnetic GeoServices ASA (OSTO:EMGSo) » Definitions » Interest Expense

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EMGS:Norway E2M:Germany

Address

Karenslyst Alle 4, 4th floor, Oslo, NOR, 0278

Website

https://www.emgs.com

ElectroMagnetic GeoServices ASA is a company engaged in offering electromagnetic services. The company primarily uses the electromagnetic survey method to locate hydrocarbons in offshore reservoirs. The company's focus is on planning, acquisition, processing, modeling, interpretation, and integration of electromagnetic data. Oil and gas companies, as well as other customers, utilize its services to determine whether an offshore area is suitable for commercial production of hydrocarbons. The company operate in Europe, the Middle East, and Africa, Norway, North and South America, Asia, and the Pacific Ocean. The majority of their revenue is generated from Norway. It makes money through contract sales and multi-client sales.

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