Avance Gas Holding (Avance Gas Holding) Interest Expense : $-23.5 Mil (TTM As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Avance Gas Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avance Gas Holding's interest expense for the three months ended in Dec. 2023 was $ -5.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-23.5 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. Avance Gas Holding's Operating Income for the three months ended in Dec. 2023 was $ 66.6 Mil. Avance Gas Holding's Interest Expense for the three months ended in Dec. 2023 was $ -5.9 Mil. Avance Gas Holding's Interest Coverage for the quarter that ended in Dec. 2023 was 11.28. 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.

Avance Gas Holding Interest Expense Historical Data

The historical data trend for Avance Gas Holding'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.

Avance Gas Holding Interest Expense Chart

Avance Gas Holding Annual Data

Trend

Nov13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-27.00

-20.60

-14.97

-16.99

-23.53

Avance Gas Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.02	-5.34	-5.86	-6.42	-5.91

Avance Gas Holding 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-23.5 Mil.

Avance Gas Holding (OTCPK:AVACF) 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.

Avance Gas Holding's Interest Expense for the three months ended in Dec. 2023 was $-5.9 Mil. Its Operating Income for the three months ended in Dec. 2023 was $66.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $454.4 Mil.

Avance Gas Holding's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	66.624	/	-5.905
	=	11.28

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

Avance Gas Holding (Avance Gas Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Avance Gas Holding Ltd (OTCPK:AVACF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AVANCEo:Sweden AGAS:Norway 0QTX:UK A07:Germany

Address

14 Par-la-Ville Road, 4th floor, PO Box HM 1593, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.avancegas.com

Avance Gas Holding Ltd is engaged in the transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs) providing transportation services to oil majors and traders of LPG on a global basis. It operates a fleet of vessels providing customers with global transportation services through the combination of the contract of affreightments and spot market voyages. The company transports liquefied petroleum to destinations in Europe, South America, India, and Asia, mainly loading the Middle East Gulf and the United States Gulf/United States East Coast. The company operates in a single segment that is liquefied petroleum gas.

Avance Gas Holding (Avance Gas Holding) Headlines

From GuruFocus

Avance Gas: Well Positioned for Strong Upside

By Faisal Humayun Faisal Humayun • 06-04-2014