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PJSC Mining & Metallurgical Co Norilsk Nickel (PJSC Mining & Metallurgical Co Norilsk Nickel) Interest Expense : $-519 Mil (TTM As of Dec. 2023)


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What is PJSC Mining & Metallurgical Co Norilsk Nickel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PJSC Mining & Metallurgical Co Norilsk Nickel's interest expense for the six months ended in Dec. 2023 was $ -259 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-519 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. PJSC Mining & Metallurgical Co Norilsk Nickel's Operating Income for the six months ended in Dec. 2023 was $ 2,945 Mil. PJSC Mining & Metallurgical Co Norilsk Nickel's Interest Expense for the six months ended in Dec. 2023 was $ -259 Mil. PJSC Mining & Metallurgical Co Norilsk Nickel's Interest Coverage for the quarter that ended in Dec. 2023 was 11.37. 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.

PJSC Mining & Metallurgical Co Norilsk Nickel Interest Expense Historical Data

The historical data trend for PJSC Mining & Metallurgical Co Norilsk Nickel'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.

PJSC Mining & Metallurgical Co Norilsk Nickel Interest Expense Chart

PJSC Mining & Metallurgical Co Norilsk Nickel Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -436.00 -421.64 -299.00 -531.00 -519.00

PJSC Mining & Metallurgical Co Norilsk Nickel 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -149.00 -261.00 -270.00 -260.00 -259.00

PJSC Mining & Metallurgical Co Norilsk Nickel 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 $-519 Mil.

* 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.

PJSC Mining & Metallurgical Co Norilsk Nickel  (OTCPK:NILSY) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

PJSC Mining & Metallurgical Co Norilsk Nickel's Interest Expense for the six months ended in Dec. 2023 was $-259 Mil. Its Operating Income for the six months ended in Dec. 2023 was $2,945 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $5,843 Mil.

PJSC Mining & Metallurgical Co Norilsk Nickel'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*2945/-259
=11.37

* 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.

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

PJSC Mining & Metallurgical Co Norilsk Nickel (PJSC Mining & Metallurgical Co Norilsk Nickel) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PJSC Mining & Metallurgical Co Norilsk Nickel (OTCPK:NILSY) » Definitions » Interest Expense
Comparable Companies
MIC:ROLO MIC:UNKL ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B HKSE:03993 BOM:500188 TSX:IVN BOM:500295 SHSE:600111 ASX:S32 TSE:5713 ASX:MIN
Traded in Other Exchanges
GMKN:Russia
Address
15, 1st Krasnogvardeysky Drive, Moscow, RUS, 123100
Website
https://www.nornickel.com
PJSC Mining & Metallurgical Co Norilsk Nickel is a metal and mining company engaged in activities such as exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious minerals. The company is organized into seven operating business segments: GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, other mining, and other nonmetallurgical. The majority of the company's revenue is derived from the GMK Group segment which includes mining, processing and other metallurgy operations, and sale of precious metals. More than half the company's consolidated revenue is earned from the sale of metals to customers in Europe.