Octava Minerals (ASX:OCT) Interest Expense : A$0.00 Mil (TTM As of Dec. 2023)

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What is Octava Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Octava Minerals'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. Octava Minerals's Operating Income for the six months ended in Dec. 2023 was A$ -0.58 Mil. Octava Minerals's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Octava Minerals 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.

Octava Minerals Interest Expense Historical Data

The historical data trend for Octava Minerals'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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Octava Minerals Interest Expense Chart

Octava Minerals Annual Data

Trend

Jun23

Interest Expense

Octava Minerals Semi-Annual Data
	Dec21	Jun22	Jun23	Dec23
Interest Expense	-	-	-	-

Octava Minerals 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.

Octava Minerals (ASX:OCT) 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.

Octava Minerals's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-0.58 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

Octava Minerals had no long-term debt ⁽¹⁾.

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

Good Sign:

Octava Minerals Ltd has no debt.

Octava Minerals (ASX:OCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Octava Minerals Ltd (ASX:OCT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

234 Churchill Avenue, Suite 1, Subiaco, WA, AUS, 6008

Website

https://www.octavaminerals.com

Octava Minerals Ltd is an exploration and resource development company. It focuses on the exploration of lithium, gold, Platinum Group Metals, and nickel at its mining tenements in Western Australia. The project portfolio comprises three main Project areas: - East Pilbara Talga; East Kimberley: and the Yallalong project.

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