Galileo Mining (ASX:GAL) Interest Expense : A$0.00 Mil (TTM As of Dec. 2023)

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What is Galileo Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Galileo Mining'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. Galileo Mining's Operating Income for the six months ended in Dec. 2023 was A$ -1.01 Mil. Galileo Mining's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Galileo Mining 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.

Galileo Mining Interest Expense Historical Data

The historical data trend for Galileo Mining'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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Galileo Mining Interest Expense Chart

Galileo Mining Annual Data

Trend

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Interest Expense

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Galileo Mining Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial								-	-	-	-	-

Galileo Mining 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.

Galileo Mining (ASX:GAL) 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.

Galileo Mining's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-1.01 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

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

Galileo Mining Business Description

Industry

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Address

945 Wellington Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.galileomining.com.au

Galileo Mining Ltd is engaged in the business of mineral exploration and development in Western Australia. It holds interests in the Fraser Range Project with exploration tenements prospective for nickel-copper-cobalt deposits. The Norseman Project with exploration tenements prospective for nickel, palladium, platinum, cobalt and lithium deposits with existing JORC compliant palladium-nickel and cobalt-nickel resources.