Lundin Mining (Lundin Mining) Interest Expense : $-64 Mil (TTM As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Lundin Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lundin Mining's interest expense for the three months ended in Dec. 2023 was $ -26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-64 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. Lundin Mining's Operating Income for the three months ended in Dec. 2023 was $ 166 Mil. Lundin Mining's Interest Expense for the three months ended in Dec. 2023 was $ -26 Mil. Lundin Mining's Interest Coverage for the quarter that ended in Dec. 2023 was 6.40. 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.

Lundin Mining Interest Expense Historical Data

The historical data trend for Lundin Mining'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.

Lundin Mining Interest Expense Chart

Lundin Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-13.93

-12.32

-7.52

-11.63

-63.88

Lundin Mining 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															-3.99	-6.58	-7.35	-24.02	-25.93

Lundin Mining 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 $-64 Mil.

Lundin Mining (OTCPK:LUNMF) 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.

Lundin Mining's Interest Expense for the three months ended in Dec. 2023 was $-26 Mil. Its Operating Income for the three months ended in Dec. 2023 was $166 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,273 Mil.

Lundin Mining'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	*	166	/	-25.931
	=	6.40

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

Lundin Mining (Lundin Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lundin Mining Corp (OTCPK:LUNMF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

LUMI:Sweden LUMIs:UK 0RQ9:UK GXD:Germany LUN:Canada

Address

150 King Street West, Suite 2200, P.O. Box 38, Toronto, ON, CAN, M5H 1J9

Website

https://www.lundinmining.com

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden, and the United States of America, producing copper, zinc, gold, and nickel. Its material mineral properties include Candelaria, Chapada, Eagle, and Neves-Corvo. Majority of the revenue is from Copper.