Almonty Industries (TSX:AII) Interest Expense : C$-4.31 Mil (TTM As of Dec. 2023)

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What is Almonty Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Almonty Industries's interest expense for the three months ended in Dec. 2023 was C$ -1.19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-4.31 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. Almonty Industries's Operating Income for the three months ended in Dec. 2023 was C$ -2.32 Mil. Almonty Industries's Interest Expense for the three months ended in Dec. 2023 was C$ -1.19 Mil. Almonty Industries 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.

Almonty Industries Interest Expense Historical Data

The historical data trend for Almonty Industries'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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Almonty Industries Interest Expense Chart

Almonty Industries Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.46

-3.14

-3.49

-3.86

-4.31

Almonty Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.33	-0.97	-1.03	-1.11	-1.19

Almonty Industries 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 quarterly data reported by the company within the most recent 12 months, which was C$-4.31 Mil.

Almonty Industries (TSX:AII) 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.

Almonty Industries's Interest Expense for the three months ended in Dec. 2023 was C$-1.19 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-2.32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$95.90 Mil.

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

Almonty Industries did not have earnings to cover the interest expense.

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

Almonty Industries (TSX:AII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Almonty Industries Inc (TSX:AII) » Definitions » Interest Expense

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ALMTF:USA 1MR:Germany AII:Australia

Address

100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C7

Website

https://www.almonty.com

Almonty Industries Inc is engaged in the mining, processing and shipping of tungsten concentrate from its Los Santos tungsten mine located near Salamanca, Spain - the Los Santos Mine, the processing and shipping of tungsten concentrate from its Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal - the Panasqueira Mine, the evaluation of its Valtreixal tin and tungsten mine project located in Western Spain in the province of Zamora - the Valtreixal Mine, as well as the evaluation and evaluation of its Sangdong tungsten mine project located in Gangwon Province, Republic of Korea - the Sangdong Mine.

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