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SVZRF (Svitzer Group AS) Interest Expense : $-35.6 Mil (TTM As of Dec. 2024)


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What is Svitzer Group AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Svitzer Group AS's interest expense for the six months ended in Dec. 2024 was $ -6.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-35.6 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. Svitzer Group AS's Operating Income for the six months ended in Dec. 2024 was $ 55.6 Mil. Svitzer Group AS's Interest Expense for the six months ended in Dec. 2024 was $ -6.5 Mil. Svitzer Group AS's Interest Coverage for the quarter that ended in Dec. 2024 was 8.61. 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.

Svitzer Group AS Interest Expense Historical Data

The historical data trend for Svitzer Group 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.

* Premium members only.

Svitzer Group AS Interest Expense Chart

Svitzer Group AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Interest Expense
-27.66 -22.78 -15.80 -52.93

Svitzer Group AS Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24
Interest Expense Get a 7-Day Free Trial - -0.73 - -29.13 -6.46

Svitzer Group 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 Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-35.6 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.

Svitzer Group AS  (OTCPK:SVZRF) 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.

Svitzer Group AS's Interest Expense for the six months ended in Dec. 2024 was $-6.5 Mil. Its Operating Income for the six months ended in Dec. 2024 was $55.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was $500.8 Mil.

Svitzer Group AS's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*55.602/-6.459
=8.61

* 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.

Svitzer Group AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Svitzer Group AS (OTCPK:SVZRF) » Definitions » Interest Expense
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Traded in Other Exchanges
SVITZR:Denmark 9Y1:Germany
Address
Sundkrogsgade 17, Copenhagen, DNK, 2100
Website
https://www.svitzer.com
Svitzer Group AS is in sustainable marine services. It provides customers with business-critical and safe towage services and maritime solutions. Company have divided its towage service business into two main areas: Harbour Towage: In Harbour Towage, company enter into agreements with vessel owners or operators to provide towage services for their vessels in specific ports; and Terminal Towage , company enter into agreements with on and offshore terminal operators or other customers for the delivery of towage services by making a pre-determined number of tugboats, and sometimes other vessels, available to service all vessels that enter or leave the specific terminal. The company operates in various countries such as Australia, Europe, America, AMEA, with majority from Australia.