Genesis Resources (ASX:GES) Interest Expense : A$-1.08 Mil (TTM As of Dec. 2023)

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What is Genesis Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Genesis Resources's interest expense for the six months ended in Dec. 2023 was A$ -0.46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.08 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. Genesis Resources's Operating Income for the six months ended in Dec. 2023 was A$ -0.58 Mil. Genesis Resources's Interest Expense for the six months ended in Dec. 2023 was A$ -0.46 Mil. Genesis Resources did not have earnings to cover the interest expense. 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.

Genesis Resources Interest Expense Historical Data

The historical data trend for Genesis 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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Genesis Resources Interest Expense Chart

Genesis Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-0.85

-0.79

-0.98

-0.90

-1.08

Genesis Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.50	-0.42	-0.48	-0.46	-0.62

Genesis 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$-1.08 Mil.

Genesis Resources (ASX:GES) 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.

Genesis Resources's Interest Expense for the six months ended in Dec. 2023 was A$-0.46 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-0.58 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

Genesis Resources did not have earnings to cover the interest expense.

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

Genesis Resources Business Description

Industry

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

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Address

525 Collins Street, Level 23, Rialto South Tower, Melbourne, VIC, AUS, 3000

Website

https://www.genesisresourcesltd.com.au

Genesis Resources Ltd is engaged in mining and exploration. It is engaged in the exploration for and evaluation of gold, manganese, and base metals. The projects of the company include the Alice Springs Cu-Au and Arltunga Au projects, the Plavica, Pioneer, and the McArthur River projects. Its reportable segments are; Australia, Macedonia, and the Head office. The Australia segment includes its copper, iron, gold, manganese, and other base metal exploration projects in the Northern Territory and Queensland. The Macedonia segment includes a base metal and gold exploration project, and the Head Office segment represents the central administration of Australia and Macedonia.