Rowan (RDC) Interest Expense : $-156.3 Mil (TTM As of Dec. 2018)

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What is Rowan Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rowan's interest expense for the three months ended in Dec. 2018 was $ -39.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2018 was $-156.3 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. Rowan's Operating Income for the three months ended in Dec. 2018 was $ -100.6 Mil. Rowan's Interest Expense for the three months ended in Dec. 2018 was $ -39.7 Mil. Rowan 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.

Rowan Interest Expense Historical Data

The historical data trend for Rowan'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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Rowan Interest Expense Chart

Rowan Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Interest Expense

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-103.93

-145.32

-155.50

-155.70

-156.30

Rowan Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Interest Expense	Get a 7-Day Free Trial															-38.70	-38.50	-38.90	-39.20	-39.70

Rowan 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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-156.3 Mil.

Rowan (NYSE:RDC) 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.

Rowan's Interest Expense for the three months ended in Dec. 2018 was $-39.7 Mil. Its Operating Income for the three months ended in Dec. 2018 was $-100.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2018 was $2,309.7 Mil.

Rowan's Interest Coverage for the quarter that ended in Dec. 2018 is calculated as

Rowan did not have earnings to cover the interest expense.

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

Rowan (RDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rowan Companies PLC (NYSE:RDC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2800 Post Oak Boulevard, Suite 5450, Houston, TX, USA, 77056-6189

Website

http://www.rowancompanies.com

Rowan Companies has been drilling for oil and gas for 90 years, serving oil and gas companies globally. In 2011 and 2012, the firm entered the deep-water market with four new rig orders. Rowan now operates 29 offshore drilling units, which includes 25 jackup drilling units, and four ultra-deepwater drillships.

Executives

Charles L Szews	director	6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Stephen M Butz	officer: EVP & CFO	C/O HERCULES OFFSHORE, INC., 9 GREENWAY PLAZA, SUITE 2200, HOUSTON TX 77046
Alan Quintero	officer: SVP - Business Development	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Thomas Peter Burke	director, officer: President & CEO	2800 POST OAK BLVD, HOUSTON TX 77056
Thomas R Hix	director	C/O COOPER CAMERON, 1333 WEST LOOP S. #1700, HOUSTON TX 77027
Suzanne P Nimocks	director	2800 POST OAK BLVD, SUITE 5450, HOUSTON TX 77056
Dennis S Baldwin	officer: Chief Accounting Officer	1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
John J Quicke	director	C/O SEQUA CORP, 200 PARK AVENUE, 44TH FL, NEW YORK NY 10166
Tore I Sandvold	director	C/O SCHLUMBERGER LIMITED, 5999 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
William E Albrecht	director	9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
Jack B Moore	director	5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046
Thierry Pilenko	director	10300 TOWN PARK DRIVE, HOUSTON TX 77072
P Dexter Peacock	director	PO BOX 4544, PO BOX 4544, HOUSTON TX 77210-4544
Melanie Montague Trent	officer: EVP, General Counsel & CAO	2800 POST OAK BLVD., SUITE 5450, HOUSTON TX 7056
W Matt Ralls	director, officer: Executive Chairman	ROWAN COMPANIES, HOUSTON TX 77002