Altair Minerals (ASX:ALR) Interest Expense : A$0.00 Mil (TTM As of Dec. 2023)

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What is Altair Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Altair Minerals'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. Altair Minerals's Operating Income for the six months ended in Dec. 2023 was A$ -1.59 Mil. Altair Minerals's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Altair Minerals 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.

Altair Minerals Interest Expense Historical Data

The historical data trend for Altair Minerals'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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Altair Minerals Interest Expense Chart

Altair Minerals Annual Data

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Interest Expense

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Altair Minerals Semi-Annual Data
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Altair Minerals 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.

Altair Minerals (ASX:ALR) 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.

Altair Minerals's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-1.59 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

Altair Minerals had no long-term debt ⁽¹⁾.

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

Good Sign:

Altair Minerals Ltd has no debt.

Altair Minerals (ASX:ALR) Business Description

Industry

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CHKMF:USA

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.cohibaminerals.com.au

Cohiba Minerals Ltd is a mineral exploration company which engages in the exploration of natural resources, including metals, precious metals, lithium, cobalt, and minerals. Its projects include Pyramid Lake; Wee Macgregor and Olympic Domain Tenements in South Australia.