Almaden Minerals (Almaden Minerals) Interest Expense : $-0.42 Mil (TTM As of Sep. 2023)

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What is Almaden Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Almaden Minerals's interest expense for the three months ended in Sep. 2023 was $ -0.11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.42 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. Almaden Minerals's Operating Income for the three months ended in Sep. 2023 was $ -0.54 Mil. Almaden Minerals's Interest Expense for the three months ended in Sep. 2023 was $ -0.11 Mil. Almaden Minerals 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.

Almaden Minerals Interest Expense Historical Data

The historical data trend for Almaden Minerals'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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Almaden Minerals Interest Expense Chart

Almaden Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.19

-0.31

-0.32

-0.38

Almaden Minerals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.10	-0.10	-0.10	-0.11	-0.11

Almaden Minerals 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.42 Mil.

Almaden Minerals (AMEX:AAU) 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.

Almaden Minerals's Interest Expense for the three months ended in Sep. 2023 was $-0.11 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.54 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $3.42 Mil.

Almaden Minerals's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Almaden Minerals did not have earnings to cover the interest expense.

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

Almaden Minerals (Almaden Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Almaden Minerals Ltd (AMEX:AAU) » Definitions » Interest Expense

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Traded in Other Exchanges

AAU:Mexico A4E1:Germany AMM:Canada

Address

1333 Johnston Street, Suite 210, Vancouver, BC, CAN, V6H 3R9

Website

https://www.almadenminerals.com

Almaden Minerals Ltd is an exploration stage company and is engaged in the exploration and development of properties in Canada and Mexico. The company owns an interest in the Tuligtic project in Puebla State, Mexico. Tuligtic covers the Ixtaca Gold-Silver Deposit.