Gold Royalty (Gold Royalty) Interest Expense : $-3.33 Mil (TTM As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Gold Royalty Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gold Royalty's interest expense for the three months ended in Mar. 2024 was $ -1.78 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-3.33 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. Gold Royalty's Operating Income for the three months ended in Mar. 2024 was $ -0.50 Mil. Gold Royalty's Interest Expense for the three months ended in Mar. 2024 was $ -1.78 Mil. Gold Royalty 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.

Gold Royalty Interest Expense Historical Data

The historical data trend for Gold Royalty'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.

* Premium members only.

Gold Royalty Interest Expense Chart

Gold Royalty Annual Data

Trend

Sep20

Sep21

Sep22

Dec23

Interest Expense

-0.07

-0.63

-1.84

Gold Royalty Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial										-0.29	-0.33	-0.40	-0.81	-1.78

Gold Royalty 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.33 Mil.

Gold Royalty (AMEX:GROY) 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.

Gold Royalty's Interest Expense for the three months ended in Mar. 2024 was $-1.78 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $33.26 Mil.

Gold Royalty's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Gold Royalty did not have earnings to cover the interest expense.

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

Gold Royalty (Gold Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Royalty Corp (AMEX:GROY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

6LS0:Germany

Address

1030 West Georgia Street, Suite 1830, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.goldroyalty.com

Gold Royalty Corp is a precious metals-focused royalty and streaming company. It offers creative financing solutions to the metals and mining industry. The company's mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for investors. It has its business as a single operating segment, being the investment in royalty and mineral stream interests.