Maronan Metals (ASX:MMA) Interest Expense : A$0.00 Mil (TTM As of Dec. 2023)

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What is Maronan Metals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Maronan Metals's interest expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 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. Maronan Metals's Operating Income for the six months ended in Dec. 2023 was A$ -3.34 Mil. Maronan Metals's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Maronan Metals 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.

Maronan Metals Interest Expense Historical Data

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

Maronan Metals Annual Data

Trend

Jun22

Jun23

Interest Expense

-0.44

0.02

Maronan Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	-	-	-	-	-

Maronan Metals 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.00 Mil.

Maronan Metals (ASX:MMA) 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.

Maronan Metals's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-3.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

Maronan Metals had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Maronan Metals Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Maronan Metals (ASX:MMA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

15 Griffith Street, Cloncurry, QLD, AUS, 4824

Website

http://www.maronanmetals.com.au

Maronan Metals Ltd is engaged in identifying and securing prospective mineral tenements and undertaking exploration for and development of mineral resources. It owns the Maronan lead-silver and copper-gold Project. The project is located in Queensland, Australia.

Maronan Metals (ASX:MMA) Headlines

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