Nevsun Resources (Nevsun Resources) Interest Expense : $-2.0 Mil (TTM As of Sep. 2018)

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What is Nevsun Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nevsun Resources's interest expense for the three months ended in Sep. 2018 was $ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2018 was $-2.0 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. Nevsun Resources's Operating Income for the three months ended in Sep. 2018 was $ -20.4 Mil. Nevsun Resources's Interest Expense for the three months ended in Sep. 2018 was $ -0.5 Mil. Nevsun Resources 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.

Nevsun Resources Interest Expense Historical Data

The historical data trend for Nevsun 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.

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Nevsun Resources Interest Expense Chart

Nevsun Resources Annual Data

Trend

Dec08

Dec09

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Dec13

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Dec17

Interest Expense

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-0.88

-1.91

-1.54

-1.94

Nevsun Resources Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Interest Expense	Get a 7-Day Free Trial															-0.49	-0.49	-0.52	-0.52	-0.52

Nevsun 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 Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.0 Mil.

Nevsun Resources (AMEX:NSU) 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.

Nevsun Resources's Interest Expense for the three months ended in Sep. 2018 was $-0.5 Mil. Its Operating Income for the three months ended in Sep. 2018 was $-20.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2018 was $0.0 Mil.

Nevsun Resources's Interest Coverage for the quarter that ended in Sep. 2018 is calculated as

Nevsun Resources did not have earnings to cover the interest expense.

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

Nevsun Resources (Nevsun Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevsun Resources Ltd (AMEX:NSU) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

1066 West Hastings Street, Suite 1750, Vancouver, BC, CAN, V6E 3X1

Website

http://www.nevsun.com

Nevsun Resources Ltd is involved in acquisition, exploration, development and operation of mineral property interests. The company primarily engages in copper and zinc production at Bisha, a large, high-grade volcanogenic massive sulphide deposit located 150km west of Asmara, Eritrea, East Africa. The company generates revenue through the sale of copper and zinc concentrates which contain gold and silver by-products. Bisha is mined using conventional drill and blast open pit mining techniques to remove waste and deliver ore to the run of mine stock pile. Nevsun Resources also operates a high-grade copper and gold Timok project, a high-grade deposit located in the Bor mining district, in Serbia.