Royal Gold (Royal Gold) Interest Expense : $-30.9 Mil (TTM As of Dec. 2023)

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What is Royal Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Royal Gold's interest expense for the three months ended in Dec. 2023 was $ -6.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-30.9 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. Royal Gold's Operating Income for the three months ended in Dec. 2023 was $ 79.7 Mil. Royal Gold's Interest Expense for the three months ended in Dec. 2023 was $ -6.0 Mil. Royal Gold's Interest Coverage for the quarter that ended in Dec. 2023 was 13.28. 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.

Royal Gold Interest Expense Historical Data

The historical data trend for Royal 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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Royal Gold Interest Expense Chart

Royal Gold Annual Data

Trend

Jun14

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Dec22

Dec23

Interest Expense

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-29.65

-9.81

-6.42

-17.17

-30.87

Royal 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															-6.06	-9.18	-8.41	-7.29	-6.00

Royal 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 $-30.9 Mil.

Royal Gold (NAS:RGLD) 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.

Royal Gold's Interest Expense for the three months ended in Dec. 2023 was $-6.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $79.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $246.0 Mil.

Royal 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	*	79.69	/	-6
	=	13.28

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

Royal Gold (Royal Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Royal Gold Inc (NAS:RGLD) » Definitions » Interest Expense

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Address

1144 15th Street, Suite 2500, Denver, CO, USA, 80202

Website

https://www.royalgold.com

Royal Gold Inc enquires and manages precious metal royalties and streams, with a focus on gold. The company operates by purchasing a percentage of the metal produced from a mineral property for an initial payment, without assuming responsibility of mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine, in exchange for an upfront deposit payment. Generally Royal Gold does not conduct any work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.

Executives

Martin Raffield	officer: Vice President, Operations	P.O. BOX 1649, POLSON MT 59860
Mark Isto	officer: Vice President Operations	1144 15TH STREET, SUITE 2500, DENVER CO 80202
William M. Hayes	director	1144 15TH STREET, SUITE 2500, DENVER CO 80202
Daniel Breeze	officer: VP Corp Dev of RGLD Gold AG	KIRCHBODENSTRASSE 16, Z, THALWIL V8 8800
Paul Libner	officer: VP & General Counsel	845 BRAESHEATHER PL, HIGHLANDS RANCH CO 80216
Randy Shefman	officer: VP & General Counsel	921 SOUTH HIGH STREET, DENVER CO 80209
Laura Gill	officer: VP, Corp. Sec. & CCO	10499 EAST ABERDEEN AVE, ENGLEWOOD CO 80111
Fabiana Chubbs	director	1144 15TH STREET, SUITE 2500, DENVER CO 80202
Margaret Mccandless	officer: Asst. GC, Corp Secretary & CCO	C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Tony A Jensen	director, officer: President and CEO	620 E HEARTSTRONG STREET, SUPERIOR CO 80027
Bruce Christopher Kirchhoff	officer: VP and General Counsel	1660 WYNKOOP, #1000, DENVER CO 80202
Ronald J Vance	director	C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Sybil E Veenman	director	C/O ROYAL GOLD, INC., 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Jamie C Sokalsky	director	C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202
William Holmes Heissenbuttel	officer: VP Corporate Development	1144 15TH STREET, SUITE 2500, DENVER CO 80202