Metals Acquisition (ASX:MAC) Interest Expense : A$-35.6 Mil (TTM As of Mar. 2023)

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What is Metals Acquisition Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Metals Acquisition's interest expense for the three months ended in Mar. 2023 was A$ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was A$-35.6 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. Metals Acquisition's Operating Income for the three months ended in Mar. 2023 was A$ -1.8 Mil. Metals Acquisition's Interest Expense for the three months ended in Mar. 2023 was A$ -0.1 Mil. Metals Acquisition 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.

Metals Acquisition Interest Expense Historical Data

The historical data trend for Metals Acquisition'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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Metals Acquisition Interest Expense Chart

Metals Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-29.99

-60.67

Metals Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
Interest Expense	Get a 7-Day Free Trial					-	-	-35.54	-0.06	-

Metals Acquisition 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was A$-35.6 Mil.

Metals Acquisition (ASX:MAC) 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.

Metals Acquisition's Interest Expense for the three months ended in Mar. 2023 was A$-0.1 Mil. Its Operating Income for the three months ended in Mar. 2023 was A$-1.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was A$0.0 Mil.

Metals Acquisition's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Metals Acquisition did not have earnings to cover the interest expense.

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

Metals Acquisition (ASX:MAC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MTAL:USA

Address

44 Esplanade, 3rd Floor, Saint Helier, JEY, JE4 9WG

Website

https://www.metalsacquisition.com

Metals Acquisition Ltd is a company focused on operating and acquiring metals and mining businesses in high-quality, stable jurisdictions that are critical in the electrification and decarbonization of the economy. It works in a single segment: the mining and production of copper and silver from the CSA Mine.