OAR Resources (ASX:OAR) Interest Expense : A$-0.53 Mil (TTM As of Dec. 2023)

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What is OAR Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OAR Resources's interest expense for the six months ended in Dec. 2023 was A$ -0.39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.53 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. OAR Resources's Operating Income for the six months ended in Dec. 2023 was A$ -1.19 Mil. OAR Resources's Interest Expense for the six months ended in Dec. 2023 was A$ -0.39 Mil. OAR 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.

OAR Resources Interest Expense Historical Data

The historical data trend for OAR 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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OAR Resources Interest Expense Chart

OAR Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.08

-0.01

-0.14

OAR Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-	-	-	-0.14	-0.39

OAR 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$-0.53 Mil.

OAR Resources (ASX:OAR) 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.

OAR Resources's Interest Expense for the six months ended in Dec. 2023 was A$-0.39 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-1.19 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.98 Mil.

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

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

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

OAR Resources (ASX:OAR) Business Description

Industry

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

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F1S:Germany

Address

32 Harrogate Street, Unit 3, West Leederville, Perth, WA, AUS, 6007

Website

https://www.oarresources.com.au

OAR Resources Ltd is a mineral exploration and development company. Its projects include Chimu Gold Plant; Oar Graphite Project, Denchi Lithium Project, Bramfield Iron Project, Base metal mineralization, and Alpine Gold Project. The operating segment of the company is the Exploration and Development of Minerals in Australia. The Group has subsidiaries in Australia and Peru and operates in three principal geographic areas, United States of America, Peru and Australia.

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