Mongolia Energy (Mongolia Energy) Interest Expense : $-82.3 Mil (TTM As of Sep. 2023)

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What is Mongolia Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mongolia Energy's interest expense for the six months ended in Sep. 2023 was $ -43.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-82.3 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. Mongolia Energy's Operating Income for the six months ended in Sep. 2023 was $ 52.7 Mil. Mongolia Energy's Interest Expense for the six months ended in Sep. 2023 was $ -43.3 Mil. Mongolia Energy's Interest Coverage for the quarter that ended in Sep. 2023 was 1.22. 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.

Mongolia Energy Interest Expense Historical Data

The historical data trend for Mongolia Energy'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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Mongolia Energy Interest Expense Chart

Mongolia Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-93.67

-103.11

-63.26

-69.46

-76.35

Mongolia Energy Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial															-34.13	-35.51	-37.39	-38.95	-43.32

Mongolia Energy 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-82.3 Mil.

Mongolia Energy (OTCPK:MOAEY) 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.

Mongolia Energy's Interest Expense for the six months ended in Sep. 2023 was $-43.3 Mil. Its Operating Income for the six months ended in Sep. 2023 was $52.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was $587.8 Mil.

Mongolia Energy's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	52.713	/	-43.324
	=	1.22

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. Mongolia Energy Corp Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Mongolia Energy (Mongolia Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mongolia Energy Corp Ltd (OTCPK:MOAEY) » Definitions » Interest Expense

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MOAEF:USA 00276:Hong Kong NWW:Germany

Address

118 Connaught Road West, 17th Floor, Hong Kong, HKG

Website

http://www.mongolia-energy.com

Mongolia Energy Corp Ltd is an investment holding company. The company's principal business is coal mining and exploration which is operated by its indirect wholly-owned subsidiary in Mongolia. Its principal project is the Khushuut Coking Coal Project in Western Mongolia, it also has interest in the Gobi Altay and Olon Bulag project. The Khushuut Coal Mine is located approximately 1,350 km west of Ulaanbaatar in the Khovd Province of Western Mongolia. It is about 311 km from the Xinjiang Takeshiken border, connecting the Khushuut Road. The group is principally engaged in mining, processing and sale of coal in the PRC and Mongolia. Mongolia Energy derives all of its revenue from Coal mining. Geographically company derives a majority of its revenue from PRC.

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