Southern Cross Gold (ASX:SXG) Interest Expense : A$-0.01 Mil (TTM As of Nov. 2023)

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What is Southern Cross Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Southern Cross Gold's interest expense for the six months ended in Nov. 2023 was A$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was A$-0.01 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. Southern Cross Gold's Operating Income for the six months ended in Nov. 2023 was A$ -3.90 Mil. Southern Cross Gold's Interest Expense for the six months ended in Nov. 2023 was A$ -0.01 Mil. Southern Cross Gold 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.

Southern Cross Gold Interest Expense Historical Data

The historical data trend for Southern Cross Gold'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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Southern Cross Gold Interest Expense Chart

Southern Cross Gold Annual Data

Trend

May23

Interest Expense

Southern Cross Gold Semi-Annual Data
	Dec21	Nov22	May23	Nov23
Interest Expense	-	-	-	-0.01

Southern Cross Gold 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-0.01 Mil.

Southern Cross Gold (ASX:SXG) 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.

Southern Cross Gold's Interest Expense for the six months ended in Nov. 2023 was A$-0.01 Mil. Its Operating Income for the six months ended in Nov. 2023 was A$-3.90 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Nov. 2023 was A$0.00 Mil.

Southern Cross Gold's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Southern Cross Gold did not have earnings to cover the interest expense.

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

Southern Cross Gold (ASX:SXG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Cross Gold Ltd (ASX:SXG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.southerncrossgold.com.au

Southern Cross Gold Ltd is a mining exploration company focused on gold exploration with projects in Victoria and Queensland, Australia. Its projects include Sunday Creek, Whroo, Redcastle, and Mt Isa.

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