Alliance Nickel (ASX:AXN) Interest Expense : A$-0.03 Mil (TTM As of Dec. 2023)

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What is Alliance Nickel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alliance Nickel's interest expense for the six months ended in Dec. 2023 was A$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.03 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. Alliance Nickel's Operating Income for the six months ended in Dec. 2023 was A$ -1.88 Mil. Alliance Nickel's Interest Expense for the six months ended in Dec. 2023 was A$ -0.01 Mil. Alliance Nickel 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.

Alliance Nickel Interest Expense Historical Data

The historical data trend for Alliance Nickel'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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Alliance Nickel Interest Expense Chart

Alliance Nickel Annual Data

Trend

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Jun23

Interest Expense

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-0.02

Alliance Nickel Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-	-	-	-0.02	-0.01

Alliance Nickel 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 semi-annually data reported by the company within the most recent 12 months, which was A$-0.03 Mil.

Alliance Nickel (ASX:AXN) 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.

Alliance Nickel's Interest Expense for the six months ended in Dec. 2023 was A$-0.01 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-1.88 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

Alliance Nickel's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Alliance Nickel did not have earnings to cover the interest expense.

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

Alliance Nickel (ASX:AXN) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alliance Nickel Ltd (ASX:AXN) » Definitions » Interest Expense

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GM90:Germany

Address

45 Stirling Highway, Level 1, Suite 1.02, Nedlands, WA, AUS, 6009

Website

https://www.alliancenickel.au

Alliance Nickel Ltd is an exploration and development company with nickel, cobalt and gold interests in Western Australia. Alliance's principal asset is its 100% owned NiWest Nickel Cobalt Project situated adjacent to Glencore's Murrin Murrin Operations. The company has completed a Pre-Feasibility Study which has confirmed the technical and economic viability of a heap leach and direct solvent extraction operation at undeveloped nickel/cobalt deposits in Australia.

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