Sarama Resources (ASX:SRR) Interest Expense : A$0.00 Mil (TTM As of Mar. 2024)

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What is Sarama Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sarama Resources's interest expense for the three months ended in Mar. 2024 was A$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 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. Sarama Resources's Operating Income for the three months ended in Mar. 2024 was A$ -0.65 Mil. Sarama Resources's Interest Expense for the three months ended in Mar. 2024 was A$ 0.00 Mil. Sarama Resources 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.

Sarama Resources Interest Expense Historical Data

The historical data trend for Sarama Resources'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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Sarama Resources Interest Expense Chart

Sarama Resources Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-0.02

-0.18

-0.07

Sarama Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Sarama 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was A$0.00 Mil.

Sarama Resources (ASX:SRR) 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.

Sarama Resources's Interest Expense for the three months ended in Mar. 2024 was A$0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was A$-0.65 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was A$0.00 Mil.

Sarama Resources's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Sarama Resources had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Sarama Resources Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Sarama Resources (ASX:SRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sarama Resources Ltd (ASX:SRR) » Definitions » Interest Expense

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SRMMF:USA SWA:Canada

Address

245 Churchill Avenue, Suit 8, Subiaco, Perth, WA, AUS, 6008

Website

https://www.saramaresources.com

Sarama Resources Ltd is an exploration and development stage company with gold projects in Burkina Faso, West Africa. The company's key project is the 100%-owned Sanutura Project which hosts a multi-million-ounce mineral resource. It has additional exposure to exploration success through its 100% interest in the nearby Koumandara Project where early-stage exploration has defined several corridors of gold anomalism that extend up to 40km in length. It has one business segment, being the acquisition, exploration and potential development of mineral properties.

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