Reach Subsea ASA (OSL:REACH) Interest Expense : kr-99 Mil (TTM As of Mar. 2024)

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What is Reach Subsea ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Reach Subsea ASA's interest expense for the three months ended in Mar. 2024 was kr -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-99 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. Reach Subsea ASA's Operating Income for the three months ended in Mar. 2024 was kr 29 Mil. Reach Subsea ASA's Interest Expense for the three months ended in Mar. 2024 was kr -24 Mil. Reach Subsea ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 1.19. 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.

Reach Subsea ASA Interest Expense Historical Data

The historical data trend for Reach Subsea 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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Reach Subsea ASA Interest Expense Chart

Reach Subsea ASA Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-11.45

-6.58

-7.85

-15.42

-77.88

Reach Subsea ASA 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															-3.36	-24.52	-25.56	-24.45	-24.08

Reach Subsea 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-99 Mil.

Reach Subsea ASA (OSL:REACH) 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.

Reach Subsea ASA's Interest Expense for the three months ended in Mar. 2024 was kr-24 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr29 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr1,104 Mil.

Reach Subsea ASA'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	*	28.679	/	-24.08
	=	1.19

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

Reach Subsea ASA (OSL:REACH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reach Subsea ASA (OSL:REACH) » Definitions » Interest Expense

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Traded in Other Exchanges

REACHo:Sweden 4RS:Germany

Address

Møllervegen 6, Haugesund, NOR, 5525

Website

https://www.reachsubsea.no

Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment.

Reach Subsea ASA (OSL:REACH) Headlines

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