PRGNF (Paragon Shipping) Interest Expense: $-9.82 Mil (TTM As of Dec. 2016)


What is Paragon Shipping Interest Expense?

Paragon Shipping PRGNF -99.00% Interest Expense is $-9.82 Mil as of Dec. 2016.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Paragon Shipping's interest expense for the three months ended in Dec. 2016 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2016 was $-9.82 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. Paragon Shipping's Operating Income for the three months ended in Dec. 2016 was $ 0.00 Mil. Paragon Shipping's Interest Expense for the three months ended in Dec. 2016 was $ 0.00 Mil. Paragon Shipping 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.

Paragon Shipping  (OTCPK:PRGNF) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Paragon Shipping's Interest Expense for the three months ended in Dec. 2016 was $0.00 Mil. Its Operating Income for the three months ended in Dec. 2016 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2016 was $0.00 Mil.

Paragon Shipping's Interest Coverage for the quarter that ended in Dec. 2016 is calculated as

Paragon Shipping had no long-term debt (1).

* 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.

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

Paragon Shipping Interest Expense Historical Data

* Premium members only.

The historical data trend for Paragon 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.

Paragon Shipping Interest Expense Chart

Paragon Shipping Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.75 -7.44 -9.32 -9.82 -3.81

Paragon Shipping Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Dec16
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.18 -2.25 -3.63 -1.76 0.00

Paragon 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.82 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-9.82 Mil mean?
Paragon Shipping (PRGNF) has a Interest Expense of $-9.82 Mil as of Dec. 2016. Interest Expense is the amount a company pays on its long-term debt. View historical data on Paragon Shipping and its competitors.
Is Paragon Shipping's Interest Expense too high?
Paragon Shipping's current Interest Expense is $-9.82 Mil.
How does Paragon Shipping's Interest Expense compare to CTRM and GLBS?
Paragon Shipping's Interest Expense of $-9.82 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Transportation company?
A good Interest Expense depends on the Transportation industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Paragon Shipping and its competitors. Paragon Shipping's current Interest Expense is $-9.82 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paragon Shipping stock overvalued right now?
Paragon Shipping (PRGNF) has a current Interest Expense of $-9.82 Mil. The current Interest Expense is $-9.82 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Paragon Shipping (PRGNF), the current Interest Expense is $-9.82 Mil as of Dec. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Paragon Shipping Business Description

Address 15 Karamanli Avenue, Voula, GRC, 166 73
Paragon Shipping Inc is based in Greece but incorporated in the Marshall Islands, Paragon Shipping owns and operates medium-size dry-bulk ships and rents these assets through multiyear agreements. Paragon outsources its ship management to Allseas, a third-party company. Founded in 2006, the company has expanded to 12 ships from its original six, with plans to continue fleet additions.