Iron Road (ASX:IRD) Interest Expense

: A$-0.03 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Iron Road'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$-0.03 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. Iron Road's Operating Income for the six months ended in Dec. 2023 was A$ -0.85 Mil. Iron Road's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Iron Road has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Iron Road Interest Expense Historical Data

The historical data trend for Iron Road'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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Iron Road Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

-0.16

-0.08

Iron Road 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																-0.16	-	-0.04	-0.03	-

Iron Road 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$-0.03 Mil.

Iron Road (ASX:IRD) 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.

Iron Road's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-0.85 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

Iron Road had no long-term debt ⁽¹⁾.

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

Iron Road (ASX:IRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Iron Road Ltd (ASX:IRD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

4OV:Germany

Address

63 Pirie Street, Level 3, Adelaide, SA, AUS, 5000

Website

https://www.ironroadlimited.com.au

Iron Road Ltd. is a mineral exploration company, which explores iron ore in Australia. Its projects include the Central Eyre Iron and Gawler Iron. The Central Eyre Iron project consists of three prospects: Warramboo, Kopi, and Hambidge.

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