Tietto Minerals (ASX:TIE) Interest Expense : A$-3.4 Mil (TTM As of Dec. 2023)

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What is Tietto Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tietto Minerals's interest expense for the six months ended in Dec. 2023 was A$ -1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.4 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. Tietto Minerals's Operating Income for the six months ended in Dec. 2023 was A$ 11.2 Mil. Tietto Minerals's Interest Expense for the six months ended in Dec. 2023 was A$ -1.7 Mil. Tietto Minerals's Interest Coverage for the quarter that ended in Dec. 2023 was 6.72. 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.

Tietto Minerals Interest Expense Historical Data

The historical data trend for Tietto 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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Tietto Minerals Interest Expense Chart

Tietto Minerals Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

Interest Expense

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-0.01

-3.41

Tietto Minerals Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial							-	-	-0.15	-1.74	-1.67

Tietto 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$-3.4 Mil.

Tietto Minerals (ASX:TIE) 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.

Tietto Minerals's Interest Expense for the six months ended in Dec. 2023 was A$-1.7 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$11.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.0 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	11.194	/	-1.665
	=	6.72

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

Tietto Minerals (ASX:TIE) Business Description

Industry

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

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Address

123B Collin Street, Unit 22, Perth, WA, AUS, 6005

Website

https://www.tietto.com

Tietto Minerals Ltd is a mineral exploration company with a main focus on gold in West Africa. It operates as four segments which are Administration Australia, Exploration Liberia, Exploration Cote d'Ivoire and Development Cote d'Ivoire. The projects include Dube South Project, Cestos Project, and Abujar Au Project.

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