International Seaways (INSW) Rent Expense (2015 - 2020)
International Seaways' (INSW) quarterly Rent Expense came in at $10.2 million in Q1 2020, down 40.47% year-over-year from $17.2 million in Q2 2019, and down 20.77% quarter-over-quarter from $12.9 million in Q4 2019.
Analysis
International Seaways (INSW) Rent Expense (2015 - 2020) Analysis & Trends
International Seaways has disclosed Rent Expense across 6 years of filings, most recently posting $10.2 million for Q1 2020.
- In Q1 2020, Rent Expense fell 40.47% year-over-year to $10.2 million; the TTM figure through Mar 2020 stood at $50.6 million (down 5.45% YoY), while the FY2019 annual figure was $57.5 million, up 28.06% from the prior year.
- Rent Expense came in at $10.2 million for Q1 2020 at International Seaways, down from $12.9 million in the prior quarter.
- In the past five years, Rent Expense ranged from a high of $17.2 million in Q1 2019 to a low of $8.2 million in Q1 2016.
- Average Rent Expense over 5 years is $11.3 million, with a median of $10.7 million recorded in 2018.
- Year-over-year, Rent Expense jumped 99.29% in 2019 and plunged 40.47% in 2020.
- Over 5 years, Rent Expense stood at $11.0 million in 2016, then dropped by 14.87% to $9.4 million in 2017, then jumped by 58.47% to $14.8 million in 2018, then decreased by 12.9% to $12.9 million in 2019, then fell by 20.77% to $10.2 million in 2020.
- Per Business Quant data, the three most recent Rent Expense figures were $10.2 million in Q1 2020, $12.9 million in Q4 2019, and $14.4 million in Q3 2019.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | - |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | - |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | - |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | - |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | - |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | - |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | - |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | -12.62 Mn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | - |
| 10 | ZIM Integrated Shipping Services | 3.44 Bn | 2.41 Bn | 255.00 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2020 | 10.23 Mn |
| Dec 31, 2019 | 12.91 Mn |
| Sep 30, 2019 | 14.38 Mn |
| Jun 30, 2019 | 13.03 Mn |
| Mar 31, 2019 | 17.19 Mn |
| Dec 31, 2018 | 14.83 Mn |
| Sep 30, 2018 | 10.74 Mn |
| Jun 30, 2018 | 10.72 Mn |
| Mar 31, 2018 | 8.62 Mn |
| Dec 31, 2017 | 9.36 Mn |
| Sep 30, 2017 | 9.96 Mn |
| Jun 30, 2017 | 11.04 Mn |
| Mar 31, 2017 | 11.35 Mn |
| Dec 31, 2016 | 10.99 Mn |
| Sep 30, 2016 | 9.61 Mn |
| Jun 30, 2016 | 8.59 Mn |
| Mar 31, 2016 | 8.22 Mn |
| Dec 31, 2015 | 10.37 Mn |
| Sep 30, 2015 | 8.85 Mn |