Taiton Resources (ASX:T88) Interest Expense : A$0.00 Mil (TTM As of Dec. 2023)

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What is Taiton Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Taiton Resources'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. Taiton Resources's Operating Income for the six months ended in Dec. 2023 was A$ -1.12 Mil. Taiton Resources's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Taiton 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.

Taiton Resources Interest Expense Historical Data

The historical data trend for Taiton 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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Taiton Resources Interest Expense Chart

Taiton Resources Annual Data

Trend

Jun22

Jun23

Jun24

Interest Expense

-0.15

-0.06

Taiton Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial			-	-0.06	-	-	-

Taiton 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.00 Mil.

Taiton Resources (ASX:T88) 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.

Taiton Resources's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-1.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

Taiton 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. Taiton Resources Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Taiton Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Taiton Resources Ltd (ASX:T88) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Queen Street, Level 13, Melbourne, VIC, AUS, 3000

Website

https://www.taiton.com.au

Taiton Resources Ltd is an early-stage mineral exploration focused on discovering large-scale mineral deposits in South Australia and Western Australia. The firm has a focus on Australian gold and other polymetallic commodities. It holds interest in Lake Barlee Project, Highway Project, and Challenger West Prospect. The Group is engaged only in one segment being mineral exploration and operates only in Australia.

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