Iluka Resources (Iluka Resources) Interest Expense : $-5.2 Mil (TTM As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Iluka Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Iluka Resources's interest expense for the six months ended in Dec. 2023 was $ -2.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-5.2 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. Iluka Resources's Operating Income for the six months ended in Dec. 2023 was $ 109.0 Mil. Iluka Resources's Interest Expense for the six months ended in Dec. 2023 was $ -2.7 Mil. Iluka Resources's Interest Coverage for the quarter that ended in Dec. 2023 was 40.71. 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.

Iluka Resources Interest Expense Historical Data

The historical data trend for Iluka Resources'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.

* Premium members only.

Iluka Resources Interest Expense Chart

Iluka Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-10.33

-5.80

-4.44

-4.05

-5.22

Iluka Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															1.07	-4.43	0.20	-2.55	-2.68

Iluka Resources 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 semi-annually data reported by the company within the most recent 12 months, which was $-5.2 Mil.

Iluka Resources (OTCPK:ILKAY) 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.

Iluka Resources's Interest Expense for the six months ended in Dec. 2023 was $-2.7 Mil. Its Operating Income for the six months ended in Dec. 2023 was $109.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $103.9 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	108.969	/	-2.677
	=	40.71

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Iluka Resources Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Iluka Resources (Iluka Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iluka Resources Ltd (OTCPK:ILKAY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ILKAF:USA ILZ:Germany ILU:Australia

Address

240 St Georges Terrace, Level 17, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Iluka Resources is a leading global mineral sands miner. It is the largest global producer of zircon, and one of the largest producers of titanium dioxide feedstocks (rutile, synthetic rutile). Low zircon costs are underpinned by the high-grade Jacinth-Ambrosia mine in South Australia but reserve life is less than 10 years. A 20% shareholding in Deterra Royalties brings exposure to the high-quality Mining Area C iron ore royalty. Iluka is constructing its West Balranald rutile and zircon mine while also building a rare-earth refinery at Eneabba, which will be able to process Iluka's existing monazite stockpile as well as feed from third parties and future Iluka projects.