Archer Materials (ASX:AXE) Interest Expense : A$0.00 Mil (TTM As of Dec. 2023)

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What is Archer Materials Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Archer Materials'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. Archer Materials's Operating Income for the six months ended in Dec. 2023 was A$ -4.43 Mil. Archer Materials's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Archer Materials 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.

Archer Materials Interest Expense Historical Data

The historical data trend for Archer Materials'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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Archer Materials Interest Expense Chart

Archer Materials Annual Data

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Interest Expense

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Archer Materials Semi-Annual Data
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Archer Materials 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.

Archer Materials (ASX:AXE) 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.

Archer Materials's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-4.43 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

Archer Materials had no long-term debt ⁽¹⁾.

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

Archer Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Archer Materials Ltd (ASX:AXE) » Definitions » Interest Expense

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ARRXF:USA 38A:Germany

Address

Frome Road, Lot Fourteen, Adelaide, SA, AUS, 5000

Website

https://www.archerx.com.au

Archer Materials Ltd is a technology company that operates within the semiconductor industry. It is developing and commercializing semiconductor devices, including chips relevant to quantum computing and medical diagnostics. It operates in one segment materials technology research.