Galantas Gold (LSE:GAL) Interest Expense : £-1.26 Mil (TTM As of Mar. 2024)

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What is Galantas Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Galantas Gold's interest expense for the three months ended in Mar. 2024 was £ -0.43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-1.26 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. Galantas Gold's Operating Income for the three months ended in Mar. 2024 was £ -0.33 Mil. Galantas Gold's Interest Expense for the three months ended in Mar. 2024 was £ -0.43 Mil. Galantas 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.

Galantas Gold Interest Expense Historical Data

The historical data trend for Galantas 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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Galantas Gold Interest Expense Chart

Galantas Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.36

-0.75

-0.47

-0.90

-1.07

Galantas Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.24	-0.25	-0.26	-0.33	-0.43

Galantas 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was £-1.26 Mil.

Galantas Gold (LSE:GAL) 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.

Galantas Gold's Interest Expense for the three months ended in Mar. 2024 was £-0.43 Mil. Its Operating Income for the three months ended in Mar. 2024 was £-0.33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was £3.07 Mil.

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

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

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

Galantas Gold (LSE:GAL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galantas Gold Corp (LSE:GAL) » Definitions » Interest Expense

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GALKF:USA G2V2:Germany GAL:Canada

Address

82 Richmond Street East, Suite 201, Toronto, ON, CAN, M5C 1P1

Website

https://www.galantas.com

Galantas Gold Corp is involved in mining and exploration activities. The company owns and operates a producing open-pit gold mine near Omagh, County Tyrone, Northern Ireland.

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