Deep Value Driller AS (STU:9YG) Interest Expense : €-0.80 Mil (TTM As of Mar. 2024)

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What is Deep Value Driller AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Deep Value Driller AS's interest expense for the three months ended in Mar. 2024 was € -2.26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-0.80 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. Deep Value Driller AS's Operating Income for the three months ended in Mar. 2024 was € 7.82 Mil. Deep Value Driller AS's Interest Expense for the three months ended in Mar. 2024 was € -2.26 Mil. Deep Value Driller AS's Interest Coverage for the quarter that ended in Mar. 2024 was 3.47. 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.

Deep Value Driller AS Interest Expense Historical Data

The historical data trend for Deep Value Driller AS'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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Deep Value Driller AS Interest Expense Chart

Deep Value Driller AS Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.01

-0.66

-1.72

Deep Value Driller AS Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial								-2.28	-1.15	-2.38	4.98	-2.26

Deep Value Driller AS 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 €-0.80 Mil.

Deep Value Driller AS (STU:9YG) 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.

Deep Value Driller AS's Interest Expense for the three months ended in Mar. 2024 was €-2.26 Mil. Its Operating Income for the three months ended in Mar. 2024 was €7.82 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €69.00 Mil.

Deep Value Driller AS'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	*	7.818	/	-2.255
	=	3.47

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

Deep Value Driller AS (STU:9YG) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Deep Value Driller AS (STU:9YG) » Definitions » Interest Expense

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DVD:Norway

Address

Munkedamsveien 45F, 8th Floor, Oslo, NOR, 0250

Website

https://www.deepvaluedriller.no/

Deep Value Driller AS is a drillship-owning company that has acquired the high-specification UDW 7th generation drillship Deep Value Driller. The activities of the company are contracting, managing, and owning drilling rigs.

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