What is Hercules Offshore Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hercules Offshore's interest expense for the
three
months ended in Mar. 2016 was € -11.7 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2016 was €-43.9 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. Hercules Offshore's Operating Income for the
three
months ended in Mar. 2016 was € -12.8 Mil. Hercules Offshore's Interest Expense for the
three
months ended in Mar. 2016 was € -11.7 Mil.
Hercules Offshore 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.
Hercules Offshore 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was €-43.9 Mil.
* 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.
Hercules Offshore (FRA:H6XA) Interest Expense Explanation
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. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Hercules Offshore's Interest Expense for the
three
months ended in Mar. 2016 was €-11.7 Mil. Its
Operating Income
for the
three
months ended in Mar. 2016 was €-12.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2016 was €0.0 Mil.
Hercules Offshore's Interest Coverage for the quarter that ended in Mar. 2016 is calculated as
| Hercules Offshore did not have earnings to cover the interest expense. |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Hercules Offshore (FRA:H6XA) Business Description
Traded in Other Exchanges
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Address
Hercules Offshore Inc is a Delaware corporation formed on July 27, 2004. The Company provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry. It provides services to national oil and gas companies, to integrated energy companies and oil and natural gas operators. Its diverse fleet is capable of providing services such as oil and gas exploration and development drilling, well service, platform inspection, maintenance and decommissioning operations in several key shallow-water provinces. Its business segments includes: Domestic Offshore, International Offshore, and International Liftboats. Domestic Offshore includes 18 jackup rigs in the U.S. Gulf of Mexico that can drill in maximum water depths ranging from 120 to 350 feet. Nine of the jackup rigs are either under contract or available for contracts and nine are cold stacked. International Offshore includes nine jackup rigs outside of the U.S. Gulf of Mexico. The Company has three jackup rigs contracted offshore in Saudi Arabia, one jackup rig contracted offshore in Congo, one jackup rig ready stacked and one jackup rig warm stacked in Gabon, one jackup ready stacked in the Netherlands and one jackup rig warm stacked in Malaysia. Additionally, the Company has one newbuild jackup rig under construction in Singapore that is expected to be delivered in the second quarter of 2016. International Liftboats - includes 19 liftboats. Fifteen are operating or available for contracts offshore West Africa, one is cold stacked offshore West Africa and three are operating or available for contracts in the Middle East region. Its customers include integrated energy companies, independent oil and natural gas operators and national oil companies. The Company is subject to the jurisdiction of the Coast Guard, the National Transportation Safety Board, the Customs and Boarder Protection, the Department of Interior, the Bureau of Ocean Energy Management and the Bureau of Safety and Environmental Enforcement as well as private industry organizations such as the American Bureau of Shipping.
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