Okea ASA (OSTO:OKEA) Interest Expense : kr-333 Mil (TTM As of Mar. 2024)

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What is Okea ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Okea ASA's interest expense for the three months ended in Mar. 2024 was kr -118 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was kr-333 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. Okea ASA's Operating Income for the three months ended in Mar. 2024 was kr 1,407 Mil. Okea ASA's Interest Expense for the three months ended in Mar. 2024 was kr -118 Mil. Okea ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 11.92. 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.

Okea ASA Interest Expense Historical Data

The historical data trend for Okea 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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Okea ASA Interest Expense Chart

Okea ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-425.24

-251.84

-182.04

-293.28

-281.26

Okea 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															-66.38	-63.49	-63.95	-87.44	-118.07

Okea 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-333 Mil.

Okea ASA (OSTO:OKEA) 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.

Okea ASA's Interest Expense for the three months ended in Mar. 2024 was kr-118 Mil. Its Operating Income for the three months ended in Mar. 2024 was kr1,407 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was kr1,937 Mil.

Okea 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	*	1407.217	/	-118.065
	=	11.92

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

Okea ASA (OSTO:OKEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Okea ASA (OSTO:OKEA) » Definitions » Interest Expense

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Traded in Other Exchanges

OKEA:Norway OKEAo:UK 3SX:Germany

Address

Kongens Gate 8, Trondheim, NOR, 7011

Website

https://www.okea.no

Okea ASA is an independent oil producer. The company's only reportable segment is the development and production of oil and gas on the Norwegian Continental Shelf. Its operation includes Draugen Field, Gjoa Field, Ivar Aasen, Grevling and Yme.

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