Mantle Minerals (ASX:MTL) Interest Expense : A$0.00 Mil (TTM As of Dec. 2023)

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What is Mantle Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mantle Minerals's interest expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.00 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. Mantle Minerals's Operating Income for the six months ended in Dec. 2023 was A$ -1.58 Mil. Mantle Minerals's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Mantle Minerals has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Mantle Minerals Interest Expense Historical Data

The historical data trend for Mantle Minerals'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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Mantle Minerals Interest Expense Chart

Mantle Minerals Annual Data

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Interest Expense

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-0.16

Mantle Minerals Semi-Annual Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Mantle Minerals 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$0.00 Mil.

Mantle Minerals (ASX:MTL) 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.

Mantle Minerals's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-1.58 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

Mantle Minerals had no long-term debt ⁽¹⁾.

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. Mantle Minerals Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Mantle Minerals (ASX:MTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mantle Minerals Ltd (ASX:MTL) » Definitions » Interest Expense

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Traded in Other Exchanges

MXB0:Germany

Address

168 Stirling Highway, Ground Floor, PO Box 369, Nedlands, Perth, WA, AUS, 6009

Website

https://www.mantleminerals.com.au

Mantle Minerals Ltd formerly, Caeneus Minerals Ltd is an Australia-based mineral exploration and development company focused on acquiring a portfolio of prospective exploration projects or near-term development projects in Australia and the United States. The company's projects include the Mallina Basin project in Pilbara, the Yule river project which is considered prospective for gold, platinum and base metals, the Nevada project which has Anomalous Lithium brine deposits and the Pardoo Project which is prospective for Magnamatic Nickel-Copper sulphides.