Himalaya Shipping (OSTO:HSHIPO) Interest Expense : kr-142.0 Mil (TTM As of Dec. 2023)

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What is Himalaya Shipping Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Himalaya Shipping's interest expense for the three months ended in Dec. 2023 was kr -59.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was kr-142.0 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. Himalaya Shipping's Operating Income for the three months ended in Dec. 2023 was kr 103.9 Mil. Himalaya Shipping's Interest Expense for the three months ended in Dec. 2023 was kr -59.8 Mil. Himalaya Shipping's Interest Coverage for the quarter that ended in Dec. 2023 was 1.74. 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.

Himalaya Shipping Interest Expense Historical Data

The historical data trend for Himalaya Shipping'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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Himalaya Shipping Interest Expense Chart

Himalaya Shipping Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.20

-143.48

Himalaya Shipping Quarterly Data
	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial			-	-0.71	-28.07	-54.17	-59.76

Himalaya Shipping 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 quarterly data reported by the company within the most recent 12 months, which was kr-142.0 Mil.

Himalaya Shipping (OSTO:HSHIPO) 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.

Himalaya Shipping's Interest Expense for the three months ended in Dec. 2023 was kr-59.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was kr103.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was kr4,427.6 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	103.859	/	-59.762
	=	1.74

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Himalaya Shipping Ltd interest coverage is 1.07, which is low.

Himalaya Shipping (OSTO:HSHIPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Himalaya Shipping Ltd (OSTO:HSHIPO) » Definitions » Interest Expense

Traded in Other Exchanges

HSHP:USA HSHP:Norway J1X:Germany

Address

19 Par-la-Ville Road, 1st Floor, Hamilton, BMU, HM 11

Website

https://www.himalaya-shipping.com

Himalaya Shipping Ltd is an independent dry bulk company that focuses on owning and operating its Newcastlemax dry bulk carriers.

Himalaya Shipping (OSTO:HSHIPO) Headlines

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