Kinross Gold (Kinross Gold) Interest Expense : $-78 Mil (TTM As of Dec. 2023)

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What is Kinross Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kinross Gold's interest expense for the three months ended in Dec. 2023 was $ -16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-78 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. Kinross Gold's Operating Income for the three months ended in Dec. 2023 was $ 183 Mil. Kinross Gold's Interest Expense for the three months ended in Dec. 2023 was $ -16 Mil. Kinross Gold's Interest Coverage for the quarter that ended in Dec. 2023 was 11.43. 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.

Kinross Gold Interest Expense Historical Data

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

Kinross Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-76.90

-89.60

-71.60

-68.20

-69.00

Kinross Gold 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															-17.50	-27.50	-14.40	-20.20	-16.00

Kinross Gold 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 $-78 Mil.

Kinross Gold (NYSE:KGC) 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.

Kinross Gold's Interest Expense for the three months ended in Dec. 2023 was $-16 Mil. Its Operating Income for the three months ended in Dec. 2023 was $183 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,250 Mil.

Kinross Gold'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	*	182.9	/	-16
	=	11.43

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

Kinross Gold (Kinross Gold) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (NYSE:KGC) » Definitions » Interest Expense

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Traded in Other Exchanges

0R2D:UK KIN2:Germany KIN2:Germany KIN2:Germany K:Canada KGC:Argentina

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.