NewOcean Energy Holdings (STU:NE6) Interest Expense : €-30 Mil (TTM As of Jun. 2021)

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What is NewOcean Energy Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NewOcean Energy Holdings's interest expense for the six months ended in Jun. 2021 was € -16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2021 was €-30 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. NewOcean Energy Holdings's Operating Income for the six months ended in Jun. 2021 was € -16 Mil. NewOcean Energy Holdings's Interest Expense for the six months ended in Jun. 2021 was € -16 Mil. NewOcean Energy Holdings did not have earnings to cover the interest expense. 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.

NewOcean Energy Holdings Interest Expense Historical Data

The historical data trend for NewOcean Energy Holdings'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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NewOcean Energy Holdings Interest Expense Chart

NewOcean Energy Holdings Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-22.00

-21.50

-31.98

-41.34

-29.98

NewOcean Energy Holdings Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Interest Expense	Get a 7-Day Free Trial															-19.18	-21.79	-16.76	-14.47	-15.94

NewOcean Energy Holdings 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 Jun. 2021 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-30 Mil.

NewOcean Energy Holdings (STU:NE6) 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.

NewOcean Energy Holdings's Interest Expense for the six months ended in Jun. 2021 was €-16 Mil. Its Operating Income for the six months ended in Jun. 2021 was €-16 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2021 was €8 Mil.

NewOcean Energy Holdings's Interest Coverage for the quarter that ended in Jun. 2021 is calculated as

NewOcean Energy Holdings did not have earnings to cover the interest expense.

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

NewOcean Energy Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NewOcean Energy Holdings Ltd (STU:NE6) » Definitions » Interest Expense

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Address

200 Gloucester Road, 23rd Floor, The Sun's Group Centre, Wanchai, Hong Kong, HKG

Website

http://www.newoceanhk.com

NewOcean Energy Holdings Ltd sells and distributes liquefied petroleum gas, oil products, natural gas, and electronic products. The company's operating segments include Sale and distribution of LPG, Oil/chemical products business, Sale of electronic products, and Sale and distribution of NG. It generates maximum revenue from the Oil products business segment. Geographically, it derives a majority of revenue from China.

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