Chilwa Minerals (ASX:CHW) Interest Expense : A$ Mil (TTM As of Dec. 2023)

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What is Chilwa Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chilwa Minerals's interest expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Chilwa Minerals does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2023.

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. Chilwa Minerals's Operating Income for the six months ended in Dec. 2023 was A$ -1.06 Mil. Chilwa Minerals's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Chilwa 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.

Chilwa Minerals Interest Expense Historical Data

The historical data trend for Chilwa 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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Chilwa Minerals Interest Expense Chart

Chilwa Minerals Annual Data

Trend

Jun23

Jun24

Interest Expense

Chilwa Minerals Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Interest Expense	-	-	-	-

Chilwa Minerals Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Chilwa Minerals (ASX:CHW) 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.

Chilwa Minerals's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-1.06 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

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

Chilwa Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Chilwa Minerals Ltd (ASX:CHW) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

17 Ord Street, Level 1,Suite 3, West Perth, WA, AUS, 6005

Website

https://www.chilwaminerals.com.au

Chilwa Minerals Ltd is formed for the purpose of exploring and developing portfolio of high-quality market sustaining HMS assets with a primary focus on the Lake Chilwa precinct in Malawi, Africa. The principal activities of the Company consisted of due diligence exploration and development activities at the mineral exploration project at Chilwa Heavy Mineral Sands Project (Project) in Malawi which is the subject of a Share Sale Agreement between the Company, Mota-Engil Investments. The Project is located around the northern, western and southern shores of Lake Chilwa in southern Malawi.