AKORA Resources (ASX:AKO) Interest Expense : A$0.00 Mil (TTM As of Jun. 2023)

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What is AKORA Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AKORA Resources's interest expense for the six months ended in Jun. 2023 was A$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 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. AKORA Resources's Operating Income for the six months ended in Jun. 2023 was A$ -0.93 Mil. AKORA Resources's Interest Expense for the six months ended in Jun. 2023 was A$ 0.00 Mil. AKORA Resources has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

AKORA Resources Interest Expense Historical Data

The historical data trend for AKORA Resources'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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AKORA Resources Interest Expense Chart

AKORA Resources Annual Data

Trend

Dec20

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Dec23

Interest Expense

AKORA Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
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AKORA Resources 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.00 Mil.

AKORA Resources (ASX:AKO) 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.

AKORA Resources's Interest Expense for the six months ended in Jun. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Jun. 2023 was A$-0.93 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was A$0.00 Mil.

AKORA Resources's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

AKORA Resources had no long-term debt ⁽¹⁾.

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

Good Sign:

AKORA Resources Ltd has no debt.

AKORA Resources (ASX:AKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AKORA Resources Ltd (ASX:AKO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

211 McIlwraith Street, Princes Hill, North Carlton, Melbourne, VIC, AUS, 3054

Website

https://www.akoravy.com

AKORA Resources Ltd is a mining company. The company is engaged in the exploration and development for ferrous metals. The company's projects involved the Bekisopa Project, the Tratramarina Project, and the Ambodilafa Project. It operates in two geographical segments namely Australia and Madagascar.

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