Veris Gold (Veris Gold) Interest Expense : $-22.5 Mil (TTM As of Sep. 2014)

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What is Veris Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Veris Gold's interest expense for the three months ended in Sep. 2014 was $ -4.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2014 was $-22.5 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. Veris Gold's Operating Income for the three months ended in Sep. 2014 was $ -1.8 Mil. Veris Gold's Interest Expense for the three months ended in Sep. 2014 was $ -4.4 Mil. Veris Gold 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.

Veris Gold Interest Expense Historical Data

The historical data trend for Veris 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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Veris Gold Interest Expense Chart

Veris Gold Annual Data

Trend

Dec04

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Dec13

Interest Expense

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-0.25

-51.52

-6.14

-2.51

-18.22

Veris Gold Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Interest Expense	Get a 7-Day Free Trial															-7.31	-7.93	-5.17	-4.96	-4.43

Veris 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. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-22.5 Mil.

Veris Gold (OTCPK:YNGFF) 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.

Veris Gold's Interest Expense for the three months ended in Sep. 2014 was $-4.4 Mil. Its Operating Income for the three months ended in Sep. 2014 was $-1.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2014 was $0.6 Mil.

Veris Gold's Interest Coverage for the quarter that ended in Sep. 2014 is calculated as

Veris Gold did not have earnings to cover the interest expense.

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

Veris Gold (Veris Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Veris Gold Corp (OTCPK:YNGFF) » Definitions » Interest Expense

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Address

688 West Hastings Street, Suite 900, Vancouver, BC, CAN, V6B 1P1

Website

http://www.verisgold.com

Veris Gold Corp is a Canadian based company engaged in the gold mining activities. It is engaged in the mining, exploration, and development of mineral properties located in Canada and the United States. The company primarily holds an interest in Jerritt Canyon gold mine located in Elko, Nevada; and the Ketza River property located in the Yukon Territory in Canada. Veris primarily explores for gold, silver, zinc, and copper properties.

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