Prosperity Resources (ASX:PSP) Interest Expense: A$-0.06 Mil (TTM As of Jun. 2016)

What is Prosperity Resources Interest Expense?

Prosperity Resources ASX:PSP Interest Expense is A$-0.06 Mil as of Jun. 2016. The stock has 4 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prosperity Resources's interest expense for the six months ended in Jun. 2016 was A$ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2016 was A$-0.06 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. Prosperity Resources's Operating Income for the six months ended in Jun. 2016 was A$ -0.30 Mil. Prosperity Resources's Interest Expense for the six months ended in Jun. 2016 was A$ -0.04 Mil. Prosperity 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.

Prosperity Resources (ASX:PSP) 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.

Prosperity Resources's Interest Expense for the six months ended in Jun. 2016 was A$-0.04 Mil. Its Operating Income for the six months ended in Jun. 2016 was A$-0.30 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2016 was A$0.00 Mil.

Prosperity Resources's Interest Coverage for the quarter that ended in Jun. 2016 is calculated as

Prosperity Resources 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.

Prosperity Resources Interest Expense Historical Data

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The historical data trend for Prosperity Resources's Interest Expense can be seen below:

Prosperity Resources Interest Expense Chart

Prosperity Resources Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Interest Expense

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-0.31

-0.12

-0.01

-0.06

Prosperity Resources Semi-Annual Data
	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16
Interest Expense	Get a 7-Day Free Trial															0.00	-0.01	-0.00	-0.02	-0.04

Prosperity 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 Jun. 2016 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-0.06 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of A$-0.06 Mil mean?

Prosperity Resources (ASX:PSP) has a Interest Expense of A$-0.06 Mil as of Jun. 2016. Interest Expense is the amount a company pays on its long-term debt. View historical data on Prosperity Resources and its competitors.

Is Prosperity Resources' Interest Expense too high?

Prosperity Resources' current Interest Expense is A$-0.06 Mil.

How does Prosperity Resources' Interest Expense compare to competitors?

Prosperity Resources' Interest Expense of A$-0.06 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 Prosperity Resources and its competitors. Prosperity Resources's current Interest Expense is A$-0.06 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Prosperity Resources stock overvalued right now?

Prosperity Resources (ASX:PSP) has a current Interest Expense of A$-0.06 Mil. The current Interest Expense is A$-0.06 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 Prosperity Resources (ASX:PSP), the current Interest Expense is A$-0.06 Mil as of Jun. 2016. 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.

Prosperity Resources Business Description

Industry Basic Materials Metals & Mining

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Website http://www.prosperity.net.au

Prosperity Resources Limited (PSP) is an exploration company for gold and iron ore in the Murchison greenstone belt of Western Australia and copper/gold in the Tennant Creek Goldfield of Northern Territory.