Iceland Seafood International hf (OISE:ICESEA) Interest Expense : kr-1,059 Mil (TTM As of Mar. 2024)

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What is Iceland Seafood International hf Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Iceland Seafood International hf's interest expense for the three months ended in Mar. 2024 was kr -312 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-1,059 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. Iceland Seafood International hf's Operating Income for the three months ended in Mar. 2024 was kr 352 Mil. Iceland Seafood International hf's Interest Expense for the three months ended in Mar. 2024 was kr -312 Mil. Iceland Seafood International hf's Interest Coverage for the quarter that ended in Mar. 2024 was 1.13. 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.

Iceland Seafood International hf Interest Expense Historical Data

The historical data trend for Iceland Seafood International hf'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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Iceland Seafood International hf Interest Expense Chart

Iceland Seafood International hf Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-378.60

-478.40

-417.48

-404.63

-910.59

Iceland Seafood International hf Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-155.70	-133.43	-180.58	-433.19	-311.80

Iceland Seafood International hf 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 kr-1,059 Mil.

Iceland Seafood International hf (OISE:ICESEA) 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.

Iceland Seafood International hf's Interest Expense for the three months ended in Mar. 2024 was kr-312 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr352 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr5,889 Mil.

Iceland Seafood International hf's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	351.694	/	-311.803
	=	1.13

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

Iceland Seafood International hf (OISE:ICESEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Iceland Seafood International hf (OISE:ICESEA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kollunarklettsvegur 2, Reykjavik, ISL, 104

Website

http://www.icelandseafood.com

Iceland Seafood International hf is engaged in the sale, processing, and marketing of frozen, salted, and fresh seafood. The company's operating segment includes Value-added Southern Europe; Value added Northern Europe; Sales and Distribution and Other. It generates maximum revenue from the Value-added Southern Europe segment.

Iceland Seafood International hf (OISE:ICESEA) Headlines

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