MinRex Resources (ASX:MRR) Interest Expense : A$-0.01 Mil (TTM As of Dec. 2023)

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What is MinRex Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MinRex Resources'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$-0.01 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. MinRex Resources's Operating Income for the six months ended in Dec. 2023 was A$ -3.96 Mil. MinRex Resources's Interest Expense for the six months ended in Dec. 2023 was A$ -0.00 Mil. MinRex Resources 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.

MinRex Resources Interest Expense Historical Data

The historical data trend for MinRex Resources'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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MinRex Resources Interest Expense Chart

MinRex Resources Annual Data

Trend

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Interest Expense

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-0.01

MinRex Resources Semi-Annual Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

MinRex Resources 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$-0.01 Mil.

MinRex Resources (ASX:MRR) 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.

MinRex Resources's Interest Expense for the six months ended in Dec. 2023 was A$-0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-3.96 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.05 Mil.

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

MinRex Resources did not have earnings to cover the interest expense.

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

MinRex Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MinRex Resources Ltd (ASX:MRR) » Definitions » Interest Expense

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Address

7 Havelock Street, Level 2, Perth, WA, AUS, 6005

Website

https://www.minrex.com.au

MinRex Resources Ltd is an exploration company focused on the exploration of gold and base metal projects in Western Australia. The company currently holds Sofala gold project and Marble Bar projects.

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