Infinity Mining (ASX:IMI) Interest Expense : A$-0.05 Mil (TTM As of Sep. 2024)

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What is Infinity Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Infinity Mining's interest expense for the six months ended in Sep. 2024 was A$ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was A$-0.05 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. Infinity Mining's Operating Income for the six months ended in Sep. 2024 was A$ -3.90 Mil. Infinity Mining's Interest Expense for the six months ended in Sep. 2024 was A$ -0.00 Mil. Infinity Mining 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.

Infinity Mining Interest Expense Historical Data

The historical data trend for Infinity 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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Infinity Mining Interest Expense Chart

Infinity Mining Annual Data

Trend

Mar22

Mar23

Mar24

Interest Expense

-0.05

Infinity Mining Semi-Annual Data
	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial			-	-	-0.01	-0.04	-

Infinity 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-0.05 Mil.

Infinity Mining (ASX:IMI) 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.

Infinity Mining's Interest Expense for the six months ended in Sep. 2024 was A$-0.00 Mil. Its Operating Income for the six months ended in Sep. 2024 was A$-3.90 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was A$0.24 Mil.

Infinity Mining's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Infinity Mining did not have earnings to cover the interest expense.

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

Infinity Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Infinity Mining Ltd (ASX:IMI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

40-52 McDougall Street, Suite 1G, Level 1, Corporate House, Kings Row Office Park, Milton, QLD, AUS, 4064

Website

https://www.infinitymining.com.au

Infinity Mining Ltd is a mineral mining and exploration company. The company holds the Pilbara Projects in the Pilbara region of Western Australia comprising an extensive portfolio of gold, copper, zinc, and lithium exploration tenements.