MC Mining (ASX:MCM) Interest Expense : A$-1.91 Mil (TTM As of Jun. 2024)

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What is MC Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MC Mining's interest expense for the six months ended in Jun. 2024 was A$ -0.79 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was A$-1.91 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. MC Mining's Operating Income for the six months ended in Jun. 2024 was A$ -13.68 Mil. MC Mining's Interest Expense for the six months ended in Jun. 2024 was A$ -0.79 Mil. MC 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.

MC Mining Interest Expense Historical Data

The historical data trend for MC 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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MC Mining Interest Expense Chart

MC Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-4.20

-1.87

-2.04

-2.06

-1.92

MC Mining Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.83	-1.58	-0.47	-1.13	-0.79

MC 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-1.91 Mil.

MC Mining (ASX:MCM) 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.

MC Mining's Interest Expense for the six months ended in Jun. 2024 was A$-0.79 Mil. Its Operating Income for the six months ended in Jun. 2024 was A$-13.68 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was A$2.37 Mil.

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

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

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

MC Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » MC Mining Ltd (ASX:MCM) » Definitions » Interest Expense

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MCZ:South Africa

Address

96 Elizabeth Street, Block Arcade, Suite 324, Level 3, Melbourne, VIC, AUS, 3000

Website

https://www.mcmining.co.za

MC Mining Ltd is a coal mining company in South Africa. It has two reportable segments namely Exploration and Mining. The Exploration segment involves in search of resources for commercial exploitation and viability and determines technical feasibility. The Mining segment, which is the key revenue generator is involved in the day to day activities of obtaining a saleable product from mineral reserve on a commercial scale. Some of its key projects include Uitkomst Colliery, the Makhado project, and the Greater Soutpansberg Project. Its geographical segments include Australia and South Africa.

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