Strategic Minerals (Strategic Minerals) Interest Expense : $-0.01 Mil (TTM As of Jun. 2023)

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What is Strategic Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Strategic Minerals's interest expense for the six months ended in Jun. 2023 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.01 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. Strategic Minerals's Operating Income for the six months ended in Jun. 2023 was $ 0.07 Mil. Strategic Minerals's Interest Expense for the six months ended in Jun. 2023 was $ -0.01 Mil. Strategic Minerals's Interest Coverage for the quarter that ended in Jun. 2023 was 13.00. 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.

Strategic Minerals Interest Expense Historical Data

The historical data trend for Strategic Minerals'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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Strategic Minerals Interest Expense Chart

Strategic Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.05

-0.01

-0.02

Strategic Minerals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-	-0.01	-0.01	-0.01	-0.01

Strategic Minerals 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.01 Mil.

Strategic Minerals (OTCPK:SMCDY) 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.

Strategic Minerals's Interest Expense for the six months ended in Jun. 2023 was $-0.01 Mil. Its Operating Income for the six months ended in Jun. 2023 was $0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $0.23 Mil.

Strategic Minerals's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	0.065	/	-0.005
	=	13.00

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

Strategic Minerals (Strategic Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Strategic Minerals PLC (OTCPK:SMCDY) » Definitions » Interest Expense

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SML:UK

Address

27/28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.strategicminerals.net

Strategic Minerals PLC is a UK-based mineral production and development company. The principal business activity of the company is the exploration, development, and operation of mining projects. Its operating segments include Southern Minerals Group LLC (SMG), Head Office, Development Asset, and United Kingdom. It derives a majority of the revenue from the SMG segment that is involved in the sale of magnetite to both the US domestic market and historically transported magnetite to port for onward export sale.

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