Gold Resource (Gold Resource) Interest Expense : $-1.47 Mil (TTM As of Dec. 2023)

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What is Gold Resource Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gold Resource's interest expense for the three months ended in Dec. 2023 was $ -0.23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.47 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. Gold Resource's Operating Income for the three months ended in Dec. 2023 was $ -4.91 Mil. Gold Resource's Interest Expense for the three months ended in Dec. 2023 was $ -0.23 Mil. Gold Resource 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.

Gold Resource Interest Expense Historical Data

The historical data trend for Gold Resource'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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Gold Resource Interest Expense Chart

Gold Resource Annual Data

Trend

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Dec23

Interest Expense

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-0.91

-1.47

Gold Resource Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.34	-0.27	-0.28	-0.69	-0.23

Gold Resource 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.47 Mil.

Gold Resource (AMEX:GORO) 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.

Gold Resource's Interest Expense for the three months ended in Dec. 2023 was $-0.23 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-4.91 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.00 Mil.

Gold Resource's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Gold Resource did not have earnings to cover the interest expense.

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

Gold Resource (Gold Resource) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Resource Corp (AMEX:GORO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GIH:Germany

Address

7900 East Union Avenue, Suite 320, Denver, CO, USA, 80237

Website

https://www.goldresourcecorp.com

Gold Resource Corp is a gold and silver producer, developer, and explorer with operations in Oaxaca, Mexico, and Nevada, USA. It targets low capital expenditure projects with the potential for generating high returns on capital. The company's two pipeline projects are; Don David Gold at Oaxaca, Mexico, and Back Forty at Michigan, United States of America.

Executives

Chet Holyoak	officer: Interim CFO	7900 E UNION AVENUE, SUITE 320, DENVER CO 80237
Allen J Palmiere	director, officer: CEO, President	2000 S. COLORADO BLVD., SUITE 10200, DENVER CO 80222
Joseph Martin Driscoll	director	2000 S. COLORADO BLVD, SUITE 10200, DENVER CO 80222
Kimberly C Perry	officer: Chief Financial Officer	2886 CARRIAGE MANOR POINT, COLORADO SPRINGS CO 80906
Alberto Reyes	officer: Chief Operating Officer	53 RIVER VALLEY DRIVE, KITCHENER A6 N2C 2V5
Lila A Murphy	director	2000 S. COLORADO BLVD., SUITE 10200, DENVER CO 80222
Ronald Little	director	2234 OLD LILAC LANE, OTTAWA A6 K1H 6H7
Richard M Irvine	director	LAS ROSAS #339, COLONIA REFORMA, OAXACA O5 68050
Alex G Morrison	director	1658 COLE BLVD., BLDG. 6, SUITE 210, LAKEWOOD CO 80401
Elizabeth Ann Wilkinson	officer: See Remarks	45 GLENADEN AVENUE E, TORONTO A6 M8Y 2L4
Bill M Conrad	director	2886 CARRIAGE MANOR POINT, COLO SPGS CO 80906
Gregory A Patterson	officer: VP Corporate Development	2886 CARRIAGE MANOR POINT, COLORADO SPRINGS CO 80906
Barry D Devlin	officer: VP Exploration	7338 YELLOW FIN COURT, BLAINE WA 98230
John A Labate	officer: Chief Financial Officer
Jessica M Browne	officer: VP, General Counsel, Secretary	2886 CARRIAGE MANOR POINT, COLORADO SPRINGS CO 80906