Sea1 Offshore (OSL:SEA1) Interest Expense : kr-370 Mil (TTM As of Mar. 2024)

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What is Sea1 Offshore Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sea1 Offshore's interest expense for the three months ended in Mar. 2024 was kr -88 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-370 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. Sea1 Offshore's Operating Income for the three months ended in Mar. 2024 was kr 156 Mil. Sea1 Offshore's Interest Expense for the three months ended in Mar. 2024 was kr -88 Mil. Sea1 Offshore's Interest Coverage for the quarter that ended in Mar. 2024 was 1.78. 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.

Sea1 Offshore Interest Expense Historical Data

The historical data trend for Sea1 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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Sea1 Offshore Interest Expense Chart

Sea1 Offshore Annual Data

Trend

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Interest Expense

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-550.34

-437.94

-217.23

-230.90

-360.88

Sea1 Offshore 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															-81.33	-84.82	-83.48	-114.43	-87.58

Sea1 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-370 Mil.

Sea1 Offshore (OSL:SEA1) 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.

Sea1 Offshore's Interest Expense for the three months ended in Mar. 2024 was kr-88 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr156 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr2,849 Mil.

Sea1 Offshore'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	*	156.136	/	-87.582
	=	1.78

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

Sea1 Offshore (OSL:SEA1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sea1 Offshore Inc (OSL:SEA1) » Definitions » Interest Expense

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Traded in Other Exchanges

SIOFFO:Sweden S5H0:Germany

Address

c/o Siem Offshore AS, Nodeviga 14, Kristiansand, NOR, 4610

Website

https://www.siemoffshore.com

Siem Offshore Inc is a Cayman Islands-based shipping company that serves the oil and gas industry. It owns and operates a fleet of offshore support vessels, including platform supply vessels, offshore subsea construction vessels, anchor-handling tug supply vessels, and well-intervention vessels. The fleet operates in the North Sea, West Africa, the Middle East, India, the United States Gulf, and Brazil. The company operates into one segment, the OSV segment. The OSV segment has seven sub-segments: Platform supply vessels, Offshore subsea construction vessels, Anchor-handling tug supply vessels, Other Vessels in Brazil, Oil spill recovery vessels, fast supply vessels, Scientific core-drilling, and Others.

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