Pyxis Tankers (Pyxis Tankers) Interest Expense : $-5.20 Mil (TTM As of Mar. 2024)

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What is Pyxis Tankers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pyxis Tankers's interest expense for the three months ended in Mar. 2024 was $ -1.49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.20 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. Pyxis Tankers's Operating Income for the three months ended in Mar. 2024 was $ 4.45 Mil. Pyxis Tankers's Interest Expense for the three months ended in Mar. 2024 was $ -1.49 Mil. Pyxis Tankers's Interest Coverage for the quarter that ended in Mar. 2024 was 2.98. 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.

Pyxis Tankers Interest Expense Historical Data

The historical data trend for Pyxis Tankers'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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Pyxis Tankers Interest Expense Chart

Pyxis Tankers Annual Data

Trend

Dec14

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Dec19

Dec20

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Dec23

Interest Expense

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-5.52

-4.64

-2.96

-4.15

-5.55

Pyxis Tankers Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-1.43	-0.97	-1.39	-1.35	-1.49

Pyxis Tankers 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.20 Mil.

Pyxis Tankers (NAS:PXSAP.PFD) 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.

Pyxis Tankers's Interest Expense for the three months ended in Mar. 2024 was $-1.49 Mil. Its Operating Income for the three months ended in Mar. 2024 was $4.45 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $67.28 Mil.

Pyxis Tankers's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	4.451	/	-1.493
	=	2.98

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

Pyxis Tankers (Pyxis Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pyxis Tankers Inc (NAS:PXSAP.PFD) » Definitions » Interest Expense

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PXS:USA

Address

59 K. Karamanli Street, Maroussi, GRC, 15125

Website

http://www.pyxistankers.com

Pyxis Tankers Inc is an international maritime transportation company that focuses on the product tanker sector. It owns a fleet that comprises double-hull product tankers employed under a mix of short- and medium-term time charters and spot charters. The fleet owned by the company includes Pyxis Epsilon, Pyxis Theta, Pyxis Malou, Northsea Alpha, and Northsea Beta. Each of the vessels in the fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil, and other liquid bulk items, such as vegetable oils and organic chemicals.