Metals Exploration (LSE:MTL) Interest Expense : £-8.5 Mil (TTM As of Dec. 2023)

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What is Metals Exploration Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Metals Exploration's interest expense for the six months ended in Dec. 2023 was £ -6.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-8.5 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. Metals Exploration's Operating Income for the six months ended in Dec. 2023 was £ -1.5 Mil. Metals Exploration's Interest Expense for the six months ended in Dec. 2023 was £ -6.2 Mil. Metals Exploration 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.

Metals Exploration Interest Expense Historical Data

The historical data trend for Metals Exploration'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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Metals Exploration Interest Expense Chart

Metals Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-12.36

-12.67

-11.31

-11.03

-8.48

Metals Exploration Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-5.80	-5.90	-5.06	-2.32	-6.16

Metals Exploration 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 £-8.5 Mil.

Metals Exploration (LSE:MTL) 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.

Metals Exploration's Interest Expense for the six months ended in Dec. 2023 was £-6.2 Mil. Its Operating Income for the six months ended in Dec. 2023 was £-1.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £0.0 Mil.

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

Metals Exploration did not have earnings to cover the interest expense.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Metals Exploration PLC interest coverage is 2.72, which is low.

Metals Exploration (LSE:MTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metals Exploration PLC (LSE:MTL) » Definitions » Interest Expense

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Traded in Other Exchanges

MJ4:Germany

Address

Berkeley Square, Room 169, First Floor,, Berkeley Square House,, London, GBR, W1J 6DB

Website

https://www.metalsexploration.com

Metals Exploration PLC is a natural resource exploration and development company. The company identifies, acquires, and develops mining and processing projects, mining companies, and businesses with a focus on base and precious metals mining opportunities. The main asset of the company is a Runruno gold-molybdenum project in Northern Philippines. The company operates in geographic areas of the UK, Philippines, and Singapore.