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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.

* Premium members only.

Horizon Minerals Interest Expense Chart

Horizon Minerals Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -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.

* 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.


Horizon Minerals  (ASX:HRZ) Interest Expense Explanation

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. The higher, the better.

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.

* 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.

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


Horizon Minerals Business Description

Traded in Other Exchanges
Address
16 Ord Street, Level 2, West Perth, WA, AUS, 6005
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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