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

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What is Errawarra Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Errawarra 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. Errawarra Resources's Operating Income for the six months ended in Dec. 2023 was A$ -1.05 Mil. Errawarra Resources's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Errawarra 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.

Errawarra Resources Interest Expense Historical Data

The historical data trend for Errawarra 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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Errawarra Resources Interest Expense Chart

Errawarra Resources Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

-0.01

Errawarra Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial			-	-	-	-	-

Errawarra 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.

Errawarra Resources (ASX:ERW) 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.

Errawarra Resources's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-1.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

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

Errawarra Resources Business Description

Industry

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

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Traded in Other Exchanges

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Address

197 St Georges Terrace, Level 12, Perth, WA, AUS, 6000

Website

https://www.errawarra.com

Errawarra Resources Ltd is engaged in exploring and developing mineral deposits. The project portfolio includes Fraser Ranger, Binti Binti, Andover West, and Errabiddy. The firm is organized into one main operating segment which involves the exploration of minerals in Australia. It generates majority revenue from Australia.

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