Calibre Mining (TSX:CXB) Interest Expense : C$-2.4 Mil (TTM As of Dec. 2023)

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What is Calibre Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Calibre Mining's interest expense for the three months ended in Dec. 2023 was C$ -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-2.4 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. Calibre Mining's Operating Income for the three months ended in Dec. 2023 was C$ 45.6 Mil. Calibre Mining's Interest Expense for the three months ended in Dec. 2023 was C$ -0.6 Mil. Calibre Mining's Interest Coverage for the quarter that ended in Dec. 2023 was 75.87. 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.

Calibre Mining Interest Expense Historical Data

The historical data trend for Calibre Mining'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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Calibre Mining Interest Expense Chart

Calibre Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.25

-1.24

-1.04

-1.86

-2.40

Calibre Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.71	-0.39	-0.42	-1.00	-0.60

Calibre Mining 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$-2.4 Mil.

Calibre Mining (TSX:CXB) 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.

Calibre Mining's Interest Expense for the three months ended in Dec. 2023 was C$-0.6 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$45.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$14.6 Mil.

Calibre Mining'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	*	45.598	/	-0.601
	=	75.87

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Calibre Mining Corp has enough cash to cover all of its debt. Its financial situation is stable.

Calibre Mining (TSX:CXB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Calibre Mining Corp (TSX:CXB) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CXBMF:USA WCLA:Germany

Address

200 Burrard Street, Suite 1560, Vancouver, BC, CAN, V6C 3L6

Website

https://www.calibremining.com

Calibre Mining Corp is a multi-asset gold producer with a portfolio of exploration and development opportunities in Nicaragua. Its project includes Pavon Gold Project, Borosi Gold Project, IamGold and Santa Rita. The company has only one revenue stream, being the sale of refined gold from its operations in Nicaragua.

Executives

David Hendriks

Senior Officer

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