Atlantic Gold (ASX:AGB) Interest Expense : A$-7.5 Mil (TTM As of Mar. 2019)

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What is Atlantic Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Atlantic Gold's interest expense for the three months ended in Mar. 2019 was A$ -1.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2019 was A$-7.5 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. Atlantic Gold's Operating Income for the three months ended in Mar. 2019 was A$ 6.7 Mil. Atlantic Gold's Interest Expense for the three months ended in Mar. 2019 was A$ -1.6 Mil. Atlantic Gold's Interest Coverage for the quarter that ended in Mar. 2019 was 4.14. 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.

Atlantic Gold Interest Expense Historical Data

The historical data trend for Atlantic 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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Atlantic Gold Interest Expense Chart

Atlantic Gold Annual Data

Trend

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Interest Expense

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-1.15

-0.62

-6.65

Atlantic Gold Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Interest Expense	Get a 7-Day Free Trial															-0.76	-2.22	-2.05	-1.60	-1.62

Atlantic 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 Mar. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was A$-7.5 Mil.

Atlantic Gold (ASX:AGB) 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.

Atlantic Gold's Interest Expense for the three months ended in Mar. 2019 was A$-1.6 Mil. Its Operating Income for the three months ended in Mar. 2019 was A$6.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2019 was A$120.1 Mil.

Atlantic Gold's Interest Coverage for the quarter that ended in Mar. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2019 )	/	Interest Expense (Q: Mar. 2019 )
	=	-1	*	6.688	/	-1.615
	=	4.14

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

Atlantic Gold (ASX:AGB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlantic Gold Corp (ASX:AGB) » Definitions » Interest Expense

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Address

595 Burrard Street, Suite 3083, P.O. Box 49298, Three Bentall Centre, Vancouver, BC, CAN, V7X 1L3

Website

http://www.atlanticgoldcorporation.com

Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada.

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