Goldcorp (Goldcorp) Interest Expense : $-113 Mil (TTM As of Dec. 2018)

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What is Goldcorp Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Goldcorp's interest expense for the three months ended in Dec. 2018 was $ -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2018 was $-113 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. Goldcorp's Operating Income for the three months ended in Dec. 2018 was $ -16 Mil. Goldcorp's Interest Expense for the three months ended in Dec. 2018 was $ -28 Mil. Goldcorp did not have earnings to cover the interest expense. 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.

Goldcorp Interest Expense Historical Data

The historical data trend for Goldcorp'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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Goldcorp Interest Expense Chart

Goldcorp Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Interest Expense

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-21.00

-106.00

-103.00

-99.00

-113.00

Goldcorp Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Interest Expense	Get a 7-Day Free Trial															5.00	-30.00	-26.00	-29.00	-28.00

Goldcorp 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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-113 Mil.

Goldcorp (NYSE:GG) 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.

Goldcorp's Interest Expense for the three months ended in Dec. 2018 was $-28 Mil. Its Operating Income for the three months ended in Dec. 2018 was $-16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2018 was $2,697 Mil.

Goldcorp's Interest Coverage for the quarter that ended in Dec. 2018 is calculated as

Goldcorp did not have earnings to cover the interest expense.

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

Goldcorp (Goldcorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldcorp Inc (NYSE:GG) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

666 Burrard Street, Suite 3400, Park Place, Vancouver, BC, CAN, V6C 2X8

Website

http://www.goldcorp.com

Goldcorp is a senior gold mining company with operations in Canada, the United States, Mexico, and Latin America. It produced roughly 2.3 million ounces of gold in 2018. Goldcorp has historically focused on stable mining jurisdictions in North and South America while targeting rapid production growth through internal development and acquisitions. As of Dec. 31, 2018, Goldcorp had 52.8 million ounces of proven and probable gold reserves.