Perseus Mining (Perseus Mining) Interest Expense : $-4.7 Mil (TTM As of Dec. 2023)

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What is Perseus Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Perseus Mining's interest expense for the six months ended in Dec. 2023 was $ -3.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-4.7 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. Perseus Mining's Operating Income for the six months ended in Dec. 2023 was $ 202.6 Mil. Perseus Mining's Interest Expense for the six months ended in Dec. 2023 was $ -3.2 Mil. Perseus Mining's Interest Coverage for the quarter that ended in Dec. 2023 was 63.17. 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.

Perseus Mining Interest Expense Historical Data

The historical data trend for Perseus Mining'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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Perseus Mining Interest Expense Chart

Perseus Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-4.20

-2.81

-3.95

-6.66

-4.47

Perseus Mining 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															-3.94	-2.72	-3.02	-1.45	-3.21

Perseus Mining 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 $-4.7 Mil.

Perseus Mining (OTCPK:PMNXF) 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.

Perseus Mining's Interest Expense for the six months ended in Dec. 2023 was $-3.2 Mil. Its Operating Income for the six months ended in Dec. 2023 was $202.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $0.7 Mil.

Perseus Mining'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	*	202.592	/	-3.207
	=	63.17

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Perseus Mining Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Perseus Mining (Perseus Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Perseus Mining Ltd (OTCPK:PMNXF) » Definitions » Interest Expense

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P4Q:Germany PRU:Canada PRU:Australia

Address

437 Roberts Road, Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.perseusmining.com

Perseus Mining in an Australian-based gold miner. It sold around 540,000 ounces of gold in fiscal 2023 from its three majority-owned mines in West Africa. Founded in 2004, Perseus purchased all three of its operating mines originally as exploration licenses or development projects. Its 90%-owned Edikan mine in Ghana achieved first gold in 2011, with 86%-owned Sissingue and 90%-owned Yaoure in Ivory Coast following in 2018 and 2020, respectively. The company also purchased its 70%-owned Meyas Sand gold project in Sudan in 2022. Excluding Meyas Sand, where development is on hold due to armed conflict in Sudan, the company had about five years of reserves at the end of fiscal 2023.

Perseus Mining (Perseus Mining) Headlines

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