Lightning Minerals (ASX:L1M) Interest Expense : A$ Mil (TTM As of Dec. 2023)

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What is Lightning Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lightning Minerals's interest expense for the six months ended in Dec. 2023 was A$ -0.00 Mil. Lightning Minerals does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2023.

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. Lightning Minerals's Operating Income for the six months ended in Dec. 2023 was A$ -1.04 Mil. Lightning Minerals's Interest Expense for the six months ended in Dec. 2023 was A$ -0.00 Mil. Lightning 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.

Lightning Minerals Interest Expense Historical Data

The historical data trend for Lightning 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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Lightning Minerals Interest Expense Chart

Lightning Minerals Annual Data

Trend

Jun23

Interest Expense

-0.01

Lightning Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Interest Expense	-	-0.01	-

Lightning Minerals Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Lightning Minerals (ASX:L1M) 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.

Lightning Minerals's Interest Expense for the six months ended in Dec. 2023 was A$-0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-1.04 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

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

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

Lightning Minerals (ASX:L1M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lightning Minerals Ltd (ASX:L1M) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Little Collins Street,, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.lightningminerals.com.au

Lightning Minerals Ltd is a mining exploration company. Its exploration is focused on battery minerals such as Lithium, Nickel, Cobalt, Copper, and PGEs. It holds interest in Dundas Project; Mailman Hill Project; Mount Jewell Project; and Mt Bartle Project. Lightning Minerals sees a growing demand for Lithium, Nickel, Cobalt, Copper, and PGEs. Exploration is focused on fulfilling this critical minerals deficit.

Lightning Minerals (ASX:L1M) Headlines

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