Mount Gibson Iron (ASX:MGX) Interest Expense : A$-4.8 Mil (TTM As of Dec. 2023)

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What is Mount Gibson Iron Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mount Gibson Iron's interest expense for the six months ended in Dec. 2023 was A$ -1.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-4.8 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. Mount Gibson Iron's Operating Income for the six months ended in Dec. 2023 was A$ 102.6 Mil. Mount Gibson Iron's Interest Expense for the six months ended in Dec. 2023 was A$ -1.9 Mil. Mount Gibson Iron's Interest Coverage for the quarter that ended in Dec. 2023 was 53.88. 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.

Mount Gibson Iron Interest Expense Historical Data

The historical data trend for Mount Gibson Iron'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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Mount Gibson Iron Interest Expense Chart

Mount Gibson Iron Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-1.50

-0.99

-0.46

-1.43

-4.94

Mount Gibson Iron 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															-0.29	-1.14	-2.06	-2.88	-1.91

Mount Gibson Iron 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$-4.8 Mil.

Mount Gibson Iron (ASX:MGX) 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.

Mount Gibson Iron's Interest Expense for the six months ended in Dec. 2023 was A$-1.9 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$102.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$7.2 Mil.

Mount Gibson Iron'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	*	102.642	/	-1.905
	=	53.88

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

Mount Gibson Iron (ASX:MGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mount Gibson Iron Ltd (ASX:MGX) » Definitions » Interest Expense

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MTGRY:USA MTGRF:USA

Address

2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mtgibsoniron.com.au

Mount Gibson Iron Ltd is a Western Australia-based iron ore mining company. The activities of the company involve mining, processing and direct shipment of hematite iron ore at the Koolan Island mine site in the Kimberley region of Western Australia; care and maintenance of the Shine hematite iron ore site and related infrastructure, rehabilitation works at the Extension Hill mine site and management of the Geraldton Port facilities in the Mid-West region of Western Australia; treasury management; and the pursuit of mineral resources acquisitions and investments. The company operates into two segments: Mid-West segment and Koolan Island segment. The company derives the majority of its revenue from Koolan Island.