Horizon Minerals (ASX:HRZ) Interest Expense : A$-2.06 Mil (TTM As of Dec. 2024)

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What is Horizon Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Horizon Minerals's interest expense for the six months ended in Dec. 2024 was A$ -1.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was A$-2.06 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. Horizon Minerals's Operating Income for the six months ended in Dec. 2024 was A$ -3.91 Mil. Horizon Minerals's Interest Expense for the six months ended in Dec. 2024 was A$ -1.02 Mil. Horizon Minerals 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.

Horizon Minerals Interest Expense Historical Data

The historical data trend for Horizon 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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Horizon Minerals Interest Expense Chart

Horizon Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-0.25

-0.36

-0.04

-0.69

-1.69

Horizon Minerals Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-0.19	-0.50	-0.65	-1.04	-1.02

Horizon 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-2.06 Mil.

Horizon Minerals (ASX:HRZ) 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.

Horizon Minerals's Interest Expense for the six months ended in Dec. 2024 was A$-1.02 Mil. Its Operating Income for the six months ended in Dec. 2024 was A$-3.91 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was A$0.25 Mil.

Horizon Minerals's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Horizon Minerals did not have earnings to cover the interest expense.

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

Horizon Minerals Business Description

Industry

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

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HRZMF:USA I6R:Germany I6R:Germany

Address

16 Ord Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.horizonminerals.com.au

Horizon Minerals Ltd is an emerging mid-tier gold producer with an portfolio of gold projects located in the Western Australian goldfields. The Company is actively exploring for new discoveries in Western Australian Goldfields for gold and other commodities including Nickel-Cobalt, Silver-Zinc, PGEs and Lithium across its extensive land holdings. Its projects include Boorara Gold Project, Kalgoorlie region project, induli-Teal project area, Nimbus Silver Zinc Project, etc.

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