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Andromeda Metals (ASX:ADN) Interest Expense : A$0.00 Mil (TTM As of Dec. 2023)


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What is Andromeda Metals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Andromeda Metals's interest expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.00 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. Andromeda Metals's Operating Income for the six months ended in Dec. 2023 was A$ -4.33 Mil. Andromeda Metals's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. GuruFocus does not calculate Andromeda Metals's interest coverage with the available data. 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.


Andromeda Metals Interest Expense Historical Data

The historical data trend for Andromeda Metals'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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Andromeda Metals Interest Expense Chart

Andromeda Metals Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Expense
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Andromeda Metals Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Andromeda Metals 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 semi-annually data reported by the company within the most recent 12 months, which was A$0.00 Mil.

* 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.


Andromeda Metals  (ASX:ADN) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Andromeda Metals's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-4.33 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.42 Mil.

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

GuruFocus does not calculate Andromeda Metals's interest coverage with the available data.

* 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.

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. Andromeda Metals Ltd has enough cash to cover all of its debt. Its financial situation is stable.


Andromeda Metals (ASX:ADN) Business Description

Traded in Other Exchanges
Address
431 King William Street, Level 10, Adelaide, SA, AUS, 5000
Andromeda Metals Ltd is engaged in the exploration of gold, copper, and other economic mineral deposits. Some of its projects include Great White Kaolin Project, Camel Lake Halloysite-Kaolin Project, Mount Hope Kaolin Project, and Drummond Epithermal Gold Project.

Andromeda Metals (ASX:ADN) Headlines

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