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Star Bulk Carriers (STU:4FAP) Interest Expense : €-71.0 Mil (TTM As of Mar. 2024)


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What is Star Bulk Carriers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Star Bulk Carriers's interest expense for the three months ended in Mar. 2024 was € -19.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-71.0 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. Star Bulk Carriers's Operating Income for the three months ended in Mar. 2024 was € 84.4 Mil. Star Bulk Carriers's Interest Expense for the three months ended in Mar. 2024 was € -19.0 Mil. Star Bulk Carriers's Interest Coverage for the quarter that ended in Mar. 2024 was 4.43. 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.

Star Bulk Carriers Interest Expense Historical Data

The historical data trend for Star Bulk Carriers'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.

* Premium members only.

Star Bulk Carriers Interest Expense Chart

Star Bulk Carriers Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -72.34 -48.69 -42.31 -53.37 -80.57

Star Bulk Carriers Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -20.16 -14.80 -16.92 -20.20 -19.05

Star Bulk Carriers 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 €-71.0 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.

Star Bulk Carriers  (STU:4FAP) 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.

Star Bulk Carriers's Interest Expense for the three months ended in Mar. 2024 was €-19.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was €84.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €929.4 Mil.

Star Bulk Carriers'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*84.369/-19.045
=4.43

* 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.

Star Bulk Carriers (STU:4FAP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Star Bulk Carriers Corp (STU:4FAP) » Definitions » Interest Expense
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SFL DAC CMRE ZIM NAT NMM CPLP GNK ASC EGLE BSP:PSVM11 OCSE:MAERSK B BOM:532921 HKSE:01919 SHSE:600018 TSE:9101 TSE:9104 XKRX:011200 TSE:9107 TPE:2603
Traded in Other Exchanges
SBLK:USA 4FAP:Germany
Address
C/o Star Bulk Management Inc, 40 Agiou Konstantinou Street, Maroussi, Athens, GRC, 15124
Website
https://www.starbulk.com
Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport bulk, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Panamax, and Supramax. It generates revenues through the voyages it carries out.

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