PCFBY (Pacific Basin Shipping) Interest Expense : $-24 Mil (TTM As of Dec. 2024)

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What is Pacific Basin Shipping Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pacific Basin Shipping's interest expense for the six months ended in Dec. 2024 was $ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-24 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. Pacific Basin Shipping's Operating Income for the six months ended in Dec. 2024 was $ 72 Mil. Pacific Basin Shipping's Interest Expense for the six months ended in Dec. 2024 was $ -12 Mil. Pacific Basin Shipping's Interest Coverage for the quarter that ended in Dec. 2024 was 6.16. 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.

Pacific Basin Shipping Interest Expense Historical Data

The historical data trend for Pacific Basin Shipping'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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Pacific Basin Shipping Interest Expense Chart

Pacific Basin Shipping Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-35.57

-28.20

-23.61

-24.41

-24.35

Pacific Basin Shipping Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-12.22	-12.39	-12.01	-12.61	-11.74

Pacific Basin Shipping 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 semi-annually data reported by the company within the most recent 12 months, which was $-24 Mil.

Pacific Basin Shipping (OTCPK:PCFBY) 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.

Pacific Basin Shipping's Interest Expense for the six months ended in Dec. 2024 was $-12 Mil. Its Operating Income for the six months ended in Dec. 2024 was $72 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was $238 Mil.

Pacific Basin Shipping'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	*	72.278	/	-11.737
	=	6.16

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

Pacific Basin Shipping Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pacific Basin Shipping Ltd (OTCPK:PCFBY) » Definitions » Interest Expense

Traded in Other Exchanges

PCFBF:USA 02343:Hong Kong OYD:Germany

Address

2 Heung Yip Road, 31st Floor One Island South, Wong Chuk Hang, Hong Kong, HKG

Website

https://www.pacificbasin.com

Pacific Basin Shipping Ltd is an investment holding company engaged in the provision of dry bulk shipping services internationally including Asia, America, Europe, Africa, Middle East and India and Australia and New Zealand. The company generates revenue from shipping activities, the principal sources of which are derived from Handysize and Supramax vessels.