Genesis Minerals (ASX:GMD) Interest Expense : A$-4.1 Mil (TTM As of Dec. 2023)

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What is Genesis Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Genesis Minerals's interest expense for the six months ended in Dec. 2023 was A$ -3.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-4.1 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 Minerals's Operating Income for the six months ended in Dec. 2023 was A$ 16.6 Mil. Genesis Minerals's Interest Expense for the six months ended in Dec. 2023 was A$ -3.3 Mil. Genesis Minerals's Interest Coverage for the quarter that ended in Dec. 2023 was 5.05. 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 Minerals Interest Expense Historical Data

The historical data trend for Genesis 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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Genesis Minerals Interest Expense Chart

Genesis Minerals Annual Data

Trend

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Interest Expense

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-1.53

Genesis Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-	-	-0.68	-0.85	-3.30

Genesis Minerals 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$-4.1 Mil.

Genesis Minerals (ASX:GMD) 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 Minerals's Interest Expense for the six months ended in Dec. 2023 was A$-3.3 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$16.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$29.4 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	16.646	/	-3.295
	=	5.05

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

Genesis Minerals (ASX:GMD) Business Description

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GSISF:USA

Address

Level 7, 40 The Esplanade, Perth, WA, AUS, 6000

Website

https://www.genesisminerals.com.au

Genesis Minerals Ltd is an Australian gold exploration company. The Group's sole activity is mineral production, exploration and development of mineral interests in the Leonora region, wholly within Australia It owns an interest in Ulysses Gold Project and Barimaia Gold Project. The company generates revenue from the sale of Gold and Silver, with the majority of revenue coming from the sale of Gold.

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