Orinoco Gold (ASX:OGX) Interest Expense: A$-3.67 Mil (TTM As of Jun. 2018)


What is Orinoco Gold Interest Expense?

Orinoco Gold ASX:OGX Interest Expense is A$-3.67 Mil as of Jun. 2018. The stock has 3 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Orinoco Gold's interest expense for the six months ended in Jun. 2018 was A$ -1.18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2018 was A$-3.67 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. Orinoco Gold's Operating Income for the six months ended in Jun. 2018 was A$ -3.34 Mil. Orinoco Gold's Interest Expense for the six months ended in Jun. 2018 was A$ -1.18 Mil. Orinoco Gold 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.

Orinoco Gold  (ASX:OGX) 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.

Orinoco Gold's Interest Expense for the six months ended in Jun. 2018 was A$-1.18 Mil. Its Operating Income for the six months ended in Jun. 2018 was A$-3.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2018 was A$0.00 Mil.

Orinoco Gold's Interest Coverage for the quarter that ended in Jun. 2018 is calculated as

Orinoco Gold 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.

Orinoco Gold Interest Expense Historical Data

* Premium members only.

The historical data trend for Orinoco Gold'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.

Orinoco Gold Interest Expense Chart

Orinoco Gold Annual Data
Trend Jun12 Jun13 Dec15 Dec16 Dec17 Dec18
Interest Expense
Get a 7-Day Free Trial 0.00 -0.63 -0.35 -3.71 -3.67

Orinoco Gold Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18
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 -0.34 -2.11 -1.59 -1.18 -2.50

Orinoco Gold 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. 2018 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-3.67 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$-3.67 Mil mean?
Orinoco Gold (ASX:OGX) has a Interest Expense of A$-3.67 Mil as of Jun. 2018. Interest Expense is the amount a company pays on its long-term debt. View historical data on Orinoco Gold and its competitors.
Is Orinoco Gold's Interest Expense too high?
Orinoco Gold's current Interest Expense is A$-3.67 Mil.
How does Orinoco Gold's Interest Expense compare to LSMG?
Orinoco Gold's Interest Expense of A$-3.67 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 Orinoco Gold and its competitors. Orinoco Gold's current Interest Expense is A$-3.67 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orinoco Gold stock overvalued right now?
Orinoco Gold (ASX:OGX) has a current Interest Expense of A$-3.67 Mil. The current Interest Expense is A$-3.67 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Orinoco Gold (ASX:OGX), the current Interest Expense is A$-3.67 Mil as of Jun. 2018. 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.

Orinoco Gold Business Description

Address 9/448 Roberts Road, Subiaco, WA, AUS, 6008
Orinoco Gold Ltd is a Brazilian-focused gold company. It is focussed on mining the Cascavel gold mine as well as unlocking the Faina Goldfields Project (Faina Project) located in the central Brazilian State of Goias. The company's segments include Gold and All Other. The Faina Project consists of a large tenement package of over 50 tenements that encompass the key Cascavel, Sertao and Tinteiro Projects, as well as numerous advanced gold exploration targets including Espanola, Elisio, Antenna, and Xupe.