Taseko Mines (Taseko Mines) Interest Expense : $-32.2 Mil (TTM As of Dec. 2023)

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What is Taseko Mines Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Taseko Mines's interest expense for the three months ended in Dec. 2023 was $ -7.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-32.2 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. Taseko Mines's Operating Income for the three months ended in Dec. 2023 was $ 41.5 Mil. Taseko Mines's Interest Expense for the three months ended in Dec. 2023 was $ -7.6 Mil. Taseko Mines's Interest Coverage for the quarter that ended in Dec. 2023 was 5.46. 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.

Taseko Mines Interest Expense Historical Data

The historical data trend for Taseko Mines'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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Taseko Mines Interest Expense Chart

Taseko Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-27.47

-27.48

-30.65

-28.54

-32.37

Taseko Mines 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															-5.91	-7.43	-8.47	-8.71	-7.61

Taseko Mines 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 $-32.2 Mil.

Taseko Mines (AMEX:TGB) 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.

Taseko Mines's Interest Expense for the three months ended in Dec. 2023 was $-7.6 Mil. Its Operating Income for the three months ended in Dec. 2023 was $41.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $454.9 Mil.

Taseko Mines'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	*	41.535	/	-7.614
	=	5.46

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

Taseko Mines (Taseko Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Taseko Mines Ltd (AMEX:TGB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TKO:UK UDM:Germany TKO:Canada

Address

1040 West Georgia Street, 12th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.tasekomines.com

Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.

Executives

Sailingstone Capital Partners Llc	10 percent owner	100 WAUGH DRIVE, SUITE 600, HOUSTON TX 77007
Sailingstone Holdings Llc	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111
Mackenzie B Davis	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 941111
Settles Kenneth L Jr	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111