Megado Minerals (ASX:MEG) Interest Expense : A$0.00 Mil (TTM As of Jun. 2024)

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What is Megado Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Megado Minerals's interest expense for the six months ended in Jun. 2024 was A$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was A$0.00 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. Megado Minerals's Operating Income for the six months ended in Jun. 2024 was A$ -0.31 Mil. Megado Minerals's Interest Expense for the six months ended in Jun. 2024 was A$ 0.00 Mil. Megado Minerals has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Megado Minerals Interest Expense Historical Data

The historical data trend for Megado 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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Megado Minerals Interest Expense Chart

Megado Minerals Annual Data

Trend

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Interest Expense

Megado Minerals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
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Megado 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.00 Mil.

Megado Minerals (ASX:MEG) 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.

Megado Minerals's Interest Expense for the six months ended in Jun. 2024 was A$0.00 Mil. Its Operating Income for the six months ended in Jun. 2024 was A$-0.31 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was A$0.00 Mil.

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

Megado Minerals had no long-term debt ⁽¹⁾.

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

Good Sign:

Megado Minerals Ltd has no debt.

Megado Minerals Business Description

Industry

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

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Traded in Other Exchanges

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Address

197 St Georges Terrace, Level 12, Perth, WA, AUS, 6000

Website

https://www.megadominerals.com

Megado Minerals Ltd is an exploration company focused on critical minerals in North America. The company's project portfolio includes North Fork Rare Earth Project. The North Fork Project is located north-west of Salmon in the Salmon Challis National Forest, Lemhi County, Idaho. The group operates in one industry being the exploration of critical minerals. The geographical areas that the entity operates in are Australia, USA and Ethiopia.