Newfield Resources (ASX:NWF) Interest Expense: A$-1.34 Mil (TTM As of Jun. 2024)


What is Newfield Resources Interest Expense?

Newfield Resources ASX:NWF Interest Expense is A$-1.34 Mil as of Jun. 2024.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Newfield Resources's interest expense for the six months ended in Jun. 2024 was A$ -0.51 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was A$-1.34 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. Newfield Resources's Operating Income for the six months ended in Jun. 2024 was A$ -138.23 Mil. Newfield Resources's Interest Expense for the six months ended in Jun. 2024 was A$ -0.51 Mil. Newfield 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.

Newfield Resources  (ASX:NWF) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Newfield Resources's Interest Expense for the six months ended in Jun. 2024 was A$-0.51 Mil. Its Operating Income for the six months ended in Jun. 2024 was A$-138.23 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was A$2.44 Mil.

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

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

* 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.

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

Newfield Resources Interest Expense Historical Data

* Premium members only.

The historical data trend for Newfield 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.

Newfield Resources Interest Expense Chart

Newfield Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.21 -3.94 -9.81 -1.29 -1.34

Newfield Resources 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.64 -0.18 -1.12 -0.83 -0.51

Newfield 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-1.34 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of A$-1.34 Mil mean?
Newfield Resources (ASX:NWF) has a Interest Expense of A$-1.34 Mil as of Jun. 2024. Interest Expense is the amount a company pays on its long-term debt. View historical data on Newfield Resources and its competitors.
Is Newfield Resources' Interest Expense too high?
Newfield Resources' current Interest Expense is A$-1.34 Mil.
How does Newfield Resources' Interest Expense compare to HL?
Newfield Resources' Interest Expense of A$-1.34 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Metals & Mining company?
A good Interest Expense depends on the Metals & Mining industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Newfield Resources and its competitors. Newfield Resources's current Interest Expense is A$-1.34 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newfield Resources stock overvalued right now?
Newfield Resources (ASX:NWF) has a current Interest Expense of A$-1.34 Mil. The current Interest Expense is A$-1.34 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Newfield Resources (ASX:NWF), the current Interest Expense is A$-1.34 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Newfield Resources Business Description

Address 4 Riseley Street, Suite 6, Applecross, Perth, WA, AUS, 6153
Newfield Resources Ltd is engaged in mine development and mineral exploration. The firm operates predominantly in the mineral exploration industry in Australia and Africa. The company's project profile includes The Tongo Diamond Project, Kumgbo Kimberlite Project. Its segments consist of Mining & Development Africa, Mineral Exploration Africa, and Corporate. Geographical segments of the company include Australia, Liberia, and Sierra Leone.