Sigma Lithium (TSXV:SGML) Interest Expense : C$-11.8 Mil (TTM As of Sep. 2023)

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What is Sigma Lithium Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sigma Lithium's interest expense for the three months ended in Sep. 2023 was C$ -5.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was C$-11.8 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. Sigma Lithium's Operating Income for the three months ended in Sep. 2023 was C$ 66.7 Mil. Sigma Lithium's Interest Expense for the three months ended in Sep. 2023 was C$ -5.1 Mil. Sigma Lithium's Interest Coverage for the quarter that ended in Sep. 2023 was 12.97. 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.

Sigma Lithium Interest Expense Historical Data

The historical data trend for Sigma Lithium'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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Sigma Lithium Interest Expense Chart

Sigma Lithium Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.57

-0.60

-0.41

-2.14

-1.12

Sigma Lithium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-0.02	-1.08	-0.48	-5.04	-5.14

Sigma Lithium 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-11.8 Mil.

Sigma Lithium (TSXV:SGML) 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.

Sigma Lithium's Interest Expense for the three months ended in Sep. 2023 was C$-5.1 Mil. Its Operating Income for the three months ended in Sep. 2023 was C$66.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was C$126.9 Mil.

Sigma Lithium's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	66.698	/	-5.143
	=	12.97

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

Sigma Lithium (TSXV:SGML) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sigma Lithium Corp (TSXV:SGML) » Definitions » Interest Expense

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SGML:USA S2GM34:Brazil

Address

Avenida Nove de Julho 4939, 9th Floor, Torre Europa, Itaim, Sao Paulo, SP, BRA, 01407-200

Website

https://www.sigmalithiumresources.com

Sigma Lithium Corp is dedicated to powering the next generation of electric vehicle batteries with environmentally sustainable and high-purity lithium. The company is in construction at its wholly owned Grota do Cirilo Project in Brazil, one of the largest and highest-grade hard rock lithium spodumene deposits in the Americas. It is committed to strong ESG practices and is aiming to be net zero emissions by 2024. Its green-friendly processing plant will use 100% renewable energy, 100% recycled water and 100% dry-stack tailings.