Aldoro Resources (ASX:ARN) Interest Expense : A$0.00 Mil (TTM As of Dec. 2023)

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What is Aldoro Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aldoro Resources'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. Aldoro Resources's Operating Income for the six months ended in Dec. 2023 was A$ -0.92 Mil. Aldoro Resources's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Aldoro 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.

Aldoro Resources Interest Expense Historical Data

The historical data trend for Aldoro 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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Aldoro Resources Interest Expense Chart

Aldoro Resources Annual Data

Trend

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Interest Expense

Aldoro Resources Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial						-	-	-	-	-

Aldoro 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.00 Mil.

Aldoro Resources (ASX:ARN) 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.

Aldoro Resources's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-0.92 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

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

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

Good Sign:

Aldoro Resources Ltd has no debt.

Aldoro Resources (ASX:ARN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

23 Railway Road, Suite 11, 12 Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.aldororesources.com

Aldoro Resources Ltd is an exploration company established to explore and develop gold and nickel mineral properties. Its projects include the Narndee Igneous Complex, the Kameelburg Ree Project, the Niobe Project, the Wyemandoo critical mineral project, and other mineral projects. The Group operates only in one reportable segment being predominately in the area of gold and nickel mineral exploration in Australia.

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