Stornoway Diamond (Stornoway Diamond) Interest Expense

: $-29.0 Mil (TTM As of Jun. 2019)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Stornoway Diamond's interest expense for the three months ended in Jun. 2019 was $ -7.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2019 was $-29.0 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. Stornoway Diamond's Operating Income for the three months ended in Jun. 2019 was $ 80.3 Mil. Stornoway Diamond's Interest Expense for the three months ended in Jun. 2019 was $ -7.5 Mil. Stornoway Diamond's Interest Coverage for the quarter that ended in Jun. 2019 was 10.75. 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.

Stornoway Diamond Interest Expense Historical Data

The historical data trend for Stornoway Diamond'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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Stornoway Diamond Annual Data

Trend

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Dec16

Dec17

Dec18

Interest Expense

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-5.07

-5.72

-22.23

-27.16

Stornoway Diamond Quarterly Data
	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Interest Expense	Get a 7-Day Free Trial															-6.57	-6.73	-7.99	-6.82	-7.47

Stornoway Diamond 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 Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-29.0 Mil.

Stornoway Diamond (OTCPK:SWYDF) 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.

Stornoway Diamond's Interest Expense for the three months ended in Jun. 2019 was $-7.5 Mil. Its Operating Income for the three months ended in Jun. 2019 was $80.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2019 was $218.2 Mil.

Stornoway Diamond's Interest Coverage for the quarter that ended in Jun. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2019 )	/	Interest Expense (Q: Jun. 2019 )
	=	-1	*	80.31	/	-7.468
	=	10.75

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

Stornoway Diamond (Stornoway Diamond) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stornoway Diamond Corp (OTCPK:SWYDF) » Definitions » Interest Expense

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Address

1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4

Website

http://www.stornowaydiamonds.com

Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.

Stornoway Diamond (Stornoway Diamond) Headlines

From GuruFocus

Stornoway Announces the Departure of Patrick Godin and Annie Torkia Lagacé, as Well as the Appointment of Patrick Sévigny as the Corporation's Chief Operating Officer

By GlobeNewswire GlobeNewswire • 06-25-2020

Stornoway Announces Board Appointment

By GlobeNewswire GlobeNewswire • 06-13-2018

Stornoway Granted Approval and Vesting Order

By GlobeNewswire GlobeNewswire • 10-07-2019

Stornoway Receives Notice of Delisting Review by TSX

By GlobeNewswire GlobeNewswire • 08-22-2019

Stornoway Diamond's 2016 Financial Report Reaffirms Its Position in the Industry

By Lovisa Alvin Lovisa Alvin • 02-27-2017

Stornoway Announces Recommencement of Renard Mine Operations

By GlobeNewswire GlobeNewswire • 07-04-2018