SalMar ASA (SalMar ASA) Interest Expense : $-111 Mil (TTM As of Mar. 2024)

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What is SalMar ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SalMar ASA's interest expense for the three months ended in Mar. 2024 was $ -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-111 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. SalMar ASA's Operating Income for the three months ended in Mar. 2024 was $ 108 Mil. SalMar ASA's Interest Expense for the three months ended in Mar. 2024 was $ -23 Mil. SalMar ASA's Interest Coverage for the quarter that ended in Mar. 2024 was 4.66. 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.

SalMar ASA Interest Expense Historical Data

The historical data trend for SalMar 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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SalMar ASA Interest Expense Chart

SalMar ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-18.86

-17.21

-20.56

-36.87

-115.95

SalMar 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															-27.32	-26.49	-32.45	-28.56	-23.20

SalMar 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 $-111 Mil.

SalMar ASA (OTCPK:SALRY) 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.

SalMar ASA's Interest Expense for the three months ended in Mar. 2024 was $-23 Mil. Its Operating Income for the three months ended in Mar. 2024 was $108 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,317 Mil.

SalMar 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	*	108.178	/	-23.199
	=	4.66

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

SalMar ASA (SalMar ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SalMar ASA (OTCPK:SALRY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SALRF:USA SALMO:Sweden SALM:Norway 0FWY:UK JEP:Germany

Address

Industriveien 51, Kverva, NOR, N-7266

Website

https://www.salmar.no

SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make it more convenient for customers. The salmon are sold through an in-house salesforce and through close partners of the company. Proximity to customers and tracking the use of resources plays a factor in delivering the raw material. Customers include importers, exporters, and larger processing companies and retail chains.

SalMar ASA (SalMar ASA) Headlines

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