MMA Offshore (MMA Offshore) Interest Expense : $-3.1 Mil (TTM As of Dec. 2023)

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What is MMA Offshore Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MMA Offshore's interest expense for the six months ended in Dec. 2023 was $ -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-3.1 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. MMA Offshore's Operating Income for the six months ended in Dec. 2023 was $ 11.9 Mil. MMA Offshore's Interest Expense for the six months ended in Dec. 2023 was $ -1.4 Mil. MMA Offshore's Interest Coverage for the quarter that ended in Dec. 2023 was 8.22. 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.

MMA Offshore Interest Expense Historical Data

The historical data trend for MMA Offshore'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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MMA Offshore Interest Expense Chart

MMA Offshore Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-13.30

-12.50

-9.17

-4.25

-4.17

MMA Offshore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2.34	-1.94	-2.49	-1.69	-1.45

MMA 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-3.1 Mil.

MMA Offshore (OTCPK:MRMAF) 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.

MMA Offshore's Interest Expense for the six months ended in Dec. 2023 was $-1.4 Mil. Its Operating Income for the six months ended in Dec. 2023 was $11.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $5.5 Mil.

MMA Offshore'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	*	11.897	/	-1.448
	=	8.22

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

MMA Offshore (MMA Offshore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MMA Offshore Ltd (OTCPK:MRMAF) » Definitions » Interest Expense

Traded in Other Exchanges

MRM:Australia

Address

12-14 The Esplanade, EQ12, Level 10, Perth, WA, AUS, 6000

Website

https://www.mmaoffshore.com

MMA Offshore Ltd is involved in providing marine-related services. The company's operating segment includes Vessel Services; Subsea Services and Project Logistics. It generates maximum revenue from the Vessel Services segment. The Vessel Services segment provision of specialised offshore support vessels. Its Subsea Services segment provides services to companies operating in subsea environments including inspection, maintenance and repair. The Project Logistics segment includes project management of large marine spreads and complex marine logistics. Geographically, it derives a majority of revenue from Australia.

MMA Offshore (MMA Offshore) Headlines

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