Var Energi ASA (Var Energi ASA) Interest Expense : $-2 Mil (TTM As of Mar. 2024)

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What is Var Energi ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Var Energi ASA's interest expense for the three months ended in Mar. 2024 was $ 1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-2 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. Var Energi ASA's Operating Income for the three months ended in Mar. 2024 was $ 966 Mil. Var Energi ASA's Interest Expense for the three months ended in Mar. 2024 was $ 1 Mil. Var Energi ASA did not have earnings to cover the interest expense. 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.

Var Energi ASA Interest Expense Historical Data

The historical data trend for Var Energi ASA'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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Var Energi ASA Interest Expense Chart

Var Energi ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-62.90

-166.10

-102.25

-8.09

-4.34

Var Energi ASA Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial											-1.73	-0.73	-1.73	-0.15	1.02

Var Energi ASA 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 $-2 Mil.

Var Energi ASA (OTCPK:VARRY) 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.

Var Energi ASA's Interest Expense for the three months ended in Mar. 2024 was $1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $966 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $4,578 Mil.

Var Energi ASA's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

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

Var Energi ASA (Var Energi ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Var Energi ASA (OTCPK:VARRY) » Definitions » Interest Expense

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VARo:Sweden VAR:Norway J4V:Germany

Address

Vestre Svanholmen 1, Sandnes, NOR, 4313

Website

https://www.varenergi.no

Var Energi ASA independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. Revenues are mainly related to the sale of oil, gas, and NGL.

Var Energi ASA (Var Energi ASA) Headlines

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