TENPE.PFD (Tsakos Energy Navigation) Interest Expense : $-116.69 Mil (TTM As of Sep. 2024)

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What is Tsakos Energy Navigation Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tsakos Energy Navigation's interest expense for the three months ended in Sep. 2024 was $ -32.21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-116.69 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. Tsakos Energy Navigation's Operating Income for the three months ended in Sep. 2024 was $ 56.95 Mil. Tsakos Energy Navigation's Interest Expense for the three months ended in Sep. 2024 was $ -32.21 Mil. Tsakos Energy Navigation's Interest Coverage for the quarter that ended in Sep. 2024 was 1.77. 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.

Tsakos Energy Navigation Interest Expense Historical Data

The historical data trend for Tsakos Energy Navigation'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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Tsakos Energy Navigation Interest Expense Chart

Tsakos Energy Navigation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-68.96

-49.62

-38.58

-55.45

-102.60

Tsakos Energy Navigation 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															-24.04	-29.70	-25.15	-29.64	-32.21

Tsakos Energy Navigation 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 $-116.69 Mil.

Tsakos Energy Navigation (NYSE:TENpE.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.

Tsakos Energy Navigation's Interest Expense for the three months ended in Sep. 2024 was $-32.21 Mil. Its Operating Income for the three months ended in Sep. 2024 was $56.95 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.00 Mil.

Tsakos Energy Navigation'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	*	56.951	/	-32.209
	=	1.77

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

Tsakos Energy Navigation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tsakos Energy Navigation Ltd (NYSE:TENpE.PFD) » Definitions » Interest Expense

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Traded in Other Exchanges

TENpF.PFD:USA TEN:USA TK41:Germany TK41:Germany

Address

367 Syngrou Avenue, Ktirio Macedonia, P.O Box 79141, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.tenn.gr

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.