Red River Resources (ASX:RVR) Interest Expense : A$-1.3 Mil (TTM As of Jun. 2022)

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What is Red River Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Red River Resources's interest expense for the six months ended in Jun. 2022 was A$ -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2022 was A$-1.3 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. Red River Resources's Operating Income for the six months ended in Jun. 2022 was A$ 3.4 Mil. Red River Resources's Interest Expense for the six months ended in Jun. 2022 was A$ -0.6 Mil. Red River Resources's Interest Coverage for the quarter that ended in Jun. 2022 was 5.51. 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.

Red River Resources Interest Expense Historical Data

The historical data trend for Red River Resources'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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Red River Resources Interest Expense Chart

Red River Resources Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Interest Expense

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-0.35

-0.69

-0.92

-0.70

-1.34

Red River Resources Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Interest Expense	Get a 7-Day Free Trial															-0.86	-0.33	-0.38	-0.73	-0.61

Red River Resources 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 Jun. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-1.3 Mil.

Red River Resources (ASX:RVR) 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.

Red River Resources's Interest Expense for the six months ended in Jun. 2022 was A$-0.6 Mil. Its Operating Income for the six months ended in Jun. 2022 was A$3.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2022 was A$0.7 Mil.

Red River Resources's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2022 )	/	Interest Expense (Q: Jun. 2022 )
	=	-1	*	3.365	/	-0.611
	=	5.51

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

Red River Resources (ASX:RVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red River Resources Ltd (ASX:RVR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

18144 Flinders Highway, Thalanga Mine, Charters Towers, QLD, AUS, 4820

Website

https://www.redriverresources.com.au

Red River Resources Ltd is seeking to build a multi-asset operating business focused on base and precious metals with the objective of delivering prosperity through lean and clever resource development. Its foundation asset is the Thalanga Base Metal Operation in Northern Queensland, where the company commenced copper, lead and zinc concentrate production in September 2017. It has acquired the high-grade Hillgrove Gold Project in New South Wales, which will enable the company to build a multi-asset operating business focused on base and precious metals. The company operates only in the industry of exploration for and development of minerals in Australia.