Silvercorp Metals (Silvercorp Metals) Interest Expense : $-0.2 Mil (TTM As of Dec. 2023)

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What is Silvercorp Metals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Silvercorp Metals's interest expense for the three months ended in Dec. 2023 was $ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.2 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. Silvercorp Metals's Operating Income for the three months ended in Dec. 2023 was $ 17.9 Mil. Silvercorp Metals's Interest Expense for the three months ended in Dec. 2023 was $ -0.1 Mil. Silvercorp Metals's Interest Coverage for the quarter that ended in Dec. 2023 was 350.35. 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.

Silvercorp Metals Interest Expense Historical Data

The historical data trend for Silvercorp Metals'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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Silvercorp Metals Interest Expense Chart

Silvercorp Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.63

-0.58

-0.35

-0.34

-0.28

Silvercorp Metals 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															-0.07	-0.07	-0.06	-0.05	-0.05

Silvercorp Metals 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 $-0.2 Mil.

Silvercorp Metals (AMEX:SVM) 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.

Silvercorp Metals's Interest Expense for the three months ended in Dec. 2023 was $-0.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $17.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.1 Mil.

Silvercorp Metals'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	*	17.868	/	-0.051
	=	350.35

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Silvercorp Metals Inc has enough cash to cover all of its debt. Its financial situation is stable.

Silvercorp Metals (Silvercorp Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silvercorp Metals Inc (AMEX:SVM) » Definitions » Interest Expense

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S9Y:Germany SVM:Canada

Address

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

Website

http://www.silvercorp.ca

Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. The group produces silver, gold, lead, and zinc. The company creates shareholder's value by focusing on generating free cash flow from long-life mines; organic growth through extensive drilling for discovery; equity investments in potential world-class opportunities; ongoing merger and acquisition efforts to unlock value; and long-term commitment to responsible mining and ESG.