NorAm Drilling AS (OSL:NORAM) Interest Expense : kr-1 Mil (TTM As of Mar. 2024)

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What is NorAm Drilling AS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NorAm Drilling AS's interest expense for the three months ended in Mar. 2024 was kr -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-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. NorAm Drilling AS's Operating Income for the three months ended in Mar. 2024 was kr 19 Mil. NorAm Drilling AS's Interest Expense for the three months ended in Mar. 2024 was kr -0 Mil. NorAm Drilling AS's Interest Coverage for the quarter that ended in Mar. 2024 was 95.35. 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.

NorAm Drilling AS Interest Expense Historical Data

The historical data trend for NorAm Drilling AS'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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NorAm Drilling AS Interest Expense Chart

NorAm Drilling AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-71.29

-64.67

-64.66

-60.84

-0.58

NorAm Drilling AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial								-1.68	-0.07	-0.20	-0.32	-0.20

NorAm Drilling AS 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 Mil.

NorAm Drilling AS (OSL:NORAM) 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.

NorAm Drilling AS's Interest Expense for the three months ended in Mar. 2024 was kr-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr0 Mil.

NorAm Drilling AS'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	*	19.261	/	-0.202
	=	95.35

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

Good Sign:

NorAm Drilling AS has no debt.

NorAm Drilling AS (OSL:NORAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NorAm Drilling AS (OSL:NORAM) » Definitions » Interest Expense

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Traded in Other Exchanges

TM9:Germany

Address

Bryggegata 3, P.O. Box 1327 - Vika, Oslo, NOR, 0112

Website

https://www.noramdrilling.com

NorAm Drilling AS owns and operates a quality rig portfolio of AC driven rigs tailored for the drilling of horizontal wells in the United States land drilling market. NorAm Drilling Company operates all eleven rigs and is financed through a combination of equity investments and intercompany loans, at arm's length terms, from its parent.

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