USEA (United Maritime) Interest Expense : $-8.27 Mil (TTM As of Sep. 2024)

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What is United Maritime Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. United Maritime's interest expense for the three months ended in Sep. 2024 was $ -1.97 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-8.27 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. United Maritime's Operating Income for the three months ended in Sep. 2024 was $ 0.12 Mil. United Maritime's Interest Expense for the three months ended in Sep. 2024 was $ -1.97 Mil. United Maritime's Interest Coverage for the quarter that ended in Sep. 2024 was 0.06. 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.

United Maritime Interest Expense Historical Data

The historical data trend for United Maritime'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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United Maritime Interest Expense Chart

United Maritime Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-0.59

-0.62

-2.05

-6.34

-8.42

United Maritime Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial								-1.28	-2.12	-2.01	-1.97	-2.17

United Maritime 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 $-8.27 Mil.

United Maritime (NAS:USEA) 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.

United Maritime's Interest Expense for the three months ended in Sep. 2024 was $-1.97 Mil. Its Operating Income for the three months ended in Sep. 2024 was $0.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $101.11 Mil.

United Maritime'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	*	0.123	/	-1.969
	=	0.06

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

United Maritime Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Maritime Corp (NAS:USEA) » Definitions » Interest Expense

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YS9:Germany

Address

154 Vouliagmenis Avenue, Glyfada, GRC, 166 74

Website

https://www.unitedmaritime.gr/en

United Maritime Corp operates as a shipping company currently specializing in the seaborne transportation of dry bulk commodities. It currently operates one LR2 tanker vessel and three Capesize dry bulk vessels, two Kamsarmax dry bulk vessels, and three Panamax dry bulk vessels, with an aggregate cargo-carrying capacity of approximately 1,004,289 dwt.