Oceana Lithium (ASX:OCN) Interest Expense : A$ Mil (TTM As of Dec. 2023)

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What is Oceana Lithium Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oceana Lithium's interest expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Oceana Lithium does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2023.

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. Oceana Lithium's Operating Income for the six months ended in Dec. 2023 was A$ -2.29 Mil. Oceana Lithium's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Oceana Lithium 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.

Oceana Lithium Interest Expense Historical Data

The historical data trend for Oceana Lithium'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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Oceana Lithium Interest Expense Chart

Oceana Lithium Annual Data

Trend

Dec21

Jun23

Interest Expense

Oceana Lithium Semi-Annual Data
	Dec22	Jun23	Dec23
Interest Expense	-	-	-

Oceana Lithium Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Oceana Lithium (ASX:OCN) 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.

Oceana Lithium's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-2.29 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

Oceana Lithium had no long-term debt ⁽¹⁾.

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

Good Sign:

Oceana Lithium Ltd has no debt.

Oceana Lithium (ASX:OCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oceana Lithium Ltd (ASX:OCN) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

33 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.oceanalithium.com.au

Oceana Lithium Ltd is a mineral exploration and development company focused on the discovery and delineation of lithium mineral resources in two mining-friendly jurisdictions, the state of Ceara, Brazil, and the Northern Territory, Australia. It holds interest in the Solonopole lithium project in Brazil and the Napperby lithium project in Northern Territory.

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