Aker ASA (OSL:AKER) Interest Expense : kr-2,708 Mil (TTM As of Dec. 2023)

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What is Aker ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aker ASA's interest expense for the six months ended in Dec. 2023 was kr -1,841 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was kr-2,708 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. Aker ASA's Operating Income for the six months ended in Dec. 2023 was kr -1,629 Mil. Aker ASA's Interest Expense for the six months ended in Dec. 2023 was kr -1,841 Mil. Aker ASA 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.

Aker ASA Interest Expense Historical Data

The historical data trend for Aker ASA'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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Aker ASA Interest Expense Chart

Aker ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,622.00

-707.00

-846.00

-1,288.00

-2,489.00

Aker ASA 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															-409.00	-573.00	-758.00	-867.00	-1,841.00

Aker ASA 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 kr-2,708 Mil.

Aker ASA (OSL:AKER) 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.

Aker ASA's Interest Expense for the six months ended in Dec. 2023 was kr-1,841 Mil. Its Operating Income for the six months ended in Dec. 2023 was kr-1,629 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was kr26,527 Mil.

Aker ASA's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Aker ASA did not have earnings to cover the interest expense.

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

Aker ASA (OSL:AKER) Business Description

Industry

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AKAAF:USA AKERo:Sweden AKERo:UK 0MJX:UK FKM:Germany

Address

Oksenoyveien 10, Lysaker, Oslo, NOR, 1366

Website

https://www.akerasa.com

Aker ASA is an industrial investment company that develops businesses and exercises active ownership to create value for its shareholders and society at large. The portfolio has focused on companies in oil and gas, maritime assets, seafood/marine biotechnology, and real estate sectors. Investments are broken down into two portfolios; Industrial holdings are strategic assets and are managed with a long-term perspective. It comprises Aker's ownership interests in Aker BP, Aker Energy, Aker Solutions, Aker Horizons, Aker BioMarine, SalMar Aker Ocean, Cognite, and Aize, and Financial investments comprise cash, other assets, and the listed companies Akastor, AMSC, Philly Shipyard, and Solstad Offshore, in addition to ICP and Aker Property Group.