Kirkland Lake Gold (Kirkland Lake Gold) Interest Expense : $0 Mil (TTM As of Sep. 2021)

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What is Kirkland Lake Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kirkland Lake Gold's interest expense for the three months ended in Sep. 2021 was $ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2021 was $0 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. Kirkland Lake Gold's Operating Income for the three months ended in Sep. 2021 was $ 340 Mil. Kirkland Lake Gold's Interest Expense for the three months ended in Sep. 2021 was $ -0 Mil. Kirkland Lake Gold's Interest Coverage for the quarter that ended in Sep. 2021 was 685.96. 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.

Kirkland Lake Gold Interest Expense Historical Data

The historical data trend for Kirkland Lake Gold'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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Kirkland Lake Gold Interest Expense Chart

Kirkland Lake Gold Annual Data

Trend

Apr11

Apr12

Apr13

Apr14

Apr15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-10.81

-9.59

-1.50

-0.92

-3.53

Kirkland Lake Gold Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Expense	Get a 7-Day Free Trial															-1.90	1.21	-0.29	-0.29	-0.50

Kirkland Lake Gold 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 Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Kirkland Lake Gold (NYSE:KL) 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.

Kirkland Lake Gold's Interest Expense for the three months ended in Sep. 2021 was $-0 Mil. Its Operating Income for the three months ended in Sep. 2021 was $340 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2021 was $17 Mil.

Kirkland Lake Gold's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2021 )	/	Interest Expense (Q: Sep. 2021 )
	=	-1	*	340.234	/	-0.496
	=	685.96

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

Kirkland Lake Gold (Kirkland Lake Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kirkland Lake Gold Ltd (NYSE:KL) » Definitions » Interest Expense

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Address

200 Bay Street, Suite 2800, Toronto, ON, CAN, M5J 2J1

Website

https://www.klgold.com

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.