Richmond Vanadium Technology (ASX:RVT) Interest Expense : A$ Mil (TTM As of Dec. 2023)

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What is Richmond Vanadium Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Richmond Vanadium Technology's interest expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Richmond Vanadium Technology does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2023.

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. Richmond Vanadium Technology's Operating Income for the six months ended in Dec. 2023 was A$ -1.40 Mil. Richmond Vanadium Technology's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Richmond Vanadium Technology 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.

Richmond Vanadium Technology Interest Expense Historical Data

The historical data trend for Richmond Vanadium Technology'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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Richmond Vanadium Technology Interest Expense Chart

Richmond Vanadium Technology Annual Data

Trend

Jun22

Jun23

Interest Expense

Richmond Vanadium Technology Semi-Annual Data
	Dec22	Jun23	Dec23
Interest Expense	-	-	-

Richmond Vanadium Technology Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Richmond Vanadium Technology (ASX:RVT) 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.

Richmond Vanadium Technology's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-1.40 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

Richmond Vanadium Technology's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Richmond Vanadium Technology had no long-term debt ⁽¹⁾.

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

Good Sign:

Richmond Vanadium Technology Ltd has no debt.

Richmond Vanadium Technology (ASX:RVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Richmond Vanadium Technology Ltd (ASX:RVT) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

251 Adelaide Terrace, Level 11, Perth, WA, AUS, 6000

Website

https://www.richmondvanadium.com.au

Richmond Vanadium Technology Ltd is an Australian minerals exploration company advancing its Richmond Vanadium Project in north Queensland. The Richmond-Julia Creek Vanadium Project is the non-titanomagnetite vanadium deposit of its kind (soft marine sediments) globally and can produce a supply of vanadium for the steel and emerging energy storage markets. The project involves the development of an open cut, free dig vanadium mining operation producing vanadium pentoxide (V2O5) concentrate from the ore reserve.