Ordell Minerals (ASX:ORD) Interest Expense : A$ Mil (TTM As of Dec. 2023)

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What is Ordell Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ordell Minerals's interest expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Ordell Minerals 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. Ordell Minerals's Operating Income for the six months ended in Dec. 2023 was A$ -0.13 Mil. Ordell Minerals's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Ordell 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.

Ordell Minerals Interest Expense Historical Data

The historical data trend for Ordell 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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Ordell Minerals Interest Expense Chart

Ordell Minerals Annual Data

Trend

Dec23

Interest Expense

Ordell Minerals Semi-Annual Data
	Dec23
Interest Expense	-

Ordell Minerals Interest Expense Calculation

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

Ordell Minerals (ASX:ORD) 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.

Ordell Minerals's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-0.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

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

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

Ordell Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

Unit 13, 6 – 10 Douro Place, West Perth, WA, AUS

Website

https://www.ordellminerals.com.au

Ordell Minerals Ltd is a Company engaged in exploration of and, where appropriate, development of its Projects possessing gold and/or lithium and other metals and minerals. The Company's motive is to build Shareholder value by acquiring, exploring and exploiting its mineral resource prospects. The company's three main mineral projects include an approximate eighty percent interest in the Barimaia Project (gold), Hundred percent ownership of the Goodia Project (lithium and gold), and Hundred percent ownership of the Fisher South Project (gold).

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