Flex LNG (STU:0QQA) Interest Expense : €-98.8 Mil (TTM As of Sep. 2024)

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What is Flex LNG Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Flex LNG's interest expense for the three months ended in Sep. 2024 was € -23.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-98.8 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. Flex LNG's Operating Income for the three months ended in Sep. 2024 was € 46.4 Mil. Flex LNG's Interest Expense for the three months ended in Sep. 2024 was € -23.7 Mil. Flex LNG's Interest Coverage for the quarter that ended in Sep. 2024 was 1.96. 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.

Flex LNG Interest Expense Historical Data

The historical data trend for Flex LNG'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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Flex LNG Interest Expense Chart

Flex LNG Annual Data

Trend

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Interest Expense

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-30.49

-34.36

-49.76

-72.31

-99.70

Flex LNG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-25.81	-25.36	-24.55	-25.19	-23.71

Flex LNG 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-98.8 Mil.

Flex LNG (STU:0QQA) 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.

Flex LNG's Interest Expense for the three months ended in Sep. 2024 was €-23.7 Mil. Its Operating Income for the three months ended in Sep. 2024 was €46.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €1,421.5 Mil.

Flex LNG's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	46.389	/	-23.711
	=	1.96

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

Flex LNG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flex LNG Ltd (STU:0QQA) » Definitions » Interest Expense

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Address

14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM08

Website

https://www.flexlng.com

Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.

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