Galan Lithium (ASX:GLN) Interest Expense : A$0.00 Mil (TTM As of Dec. 2023)

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What is Galan Lithium Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Galan Lithium's interest expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.00 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. Galan Lithium's Operating Income for the six months ended in Dec. 2023 was A$ -4.91 Mil. Galan Lithium's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. GuruFocus does not calculate Galan Lithium's interest coverage with the available data. 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.

Galan Lithium Interest Expense Historical Data

The historical data trend for Galan Lithium'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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Galan Lithium Interest Expense Chart

Galan Lithium Annual Data

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Interest Expense

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Galan Lithium Semi-Annual Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Galan Lithium 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 A$0.00 Mil.

Galan Lithium (ASX:GLN) 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.

Galan Lithium's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-4.91 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.53 Mil.

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

GuruFocus does not calculate Galan Lithium's interest coverage with the available data.

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. Galan Lithium Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Galan Lithium (ASX:GLN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galan Lithium Ltd (ASX:GLN) » Definitions » Interest Expense

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Traded in Other Exchanges

GLNLF:USA 9CH:Germany

Address

50 Kings Park Road, Level 1, Perth, WA, AUS, 6005

Website

https://www.galanlithium.com.au

Galan Lithium Ltd is a mineral exploration company. It is engaged in identifying, acquiring and/or developing mineral projects. Its minerals portfolio includes Greenbushes South project and Hombre Muerto Project that explores lithium. It also has Alasehir Oil Licence in Turkey.

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