Titan Minerals (ASX:TTM) Interest Expense : A$-0.47 Mil (TTM As of Jun. 2023)

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What is Titan Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Titan Minerals's interest expense for the six months ended in Jun. 2023 was A$ -0.16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was A$-0.47 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. Titan Minerals's Operating Income for the six months ended in Jun. 2023 was A$ -4.57 Mil. Titan Minerals's Interest Expense for the six months ended in Jun. 2023 was A$ -0.16 Mil. Titan Minerals 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.

Titan Minerals Interest Expense Historical Data

The historical data trend for Titan 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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Titan Minerals Interest Expense Chart

Titan Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.93

-1.24

-1.14

-0.24

-0.47

Titan Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.62	-0.13	-0.11	-0.16	-0.31

Titan Minerals 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-0.47 Mil.

Titan Minerals (ASX:TTM) 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.

Titan Minerals's Interest Expense for the six months ended in Jun. 2023 was A$-0.16 Mil. Its Operating Income for the six months ended in Jun. 2023 was A$-4.57 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was A$0.00 Mil.

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

Titan Minerals did not have earnings to cover the interest expense.

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

Titan Minerals (ASX:TTM) Business Description

Industry

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

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TTTNF:USA

Address

295 Rokeby Road, Suite 1, Subiaco, WA, AUS, 6008

Website

https://www.titanminerals.com.au

Titan Minerals Ltd is a Canada-based mineral exploration company. The company's main assets are The Dynasty Project, The Linderos Project, The Copper Duke Project, and The Copper Field Prospect. It continues to evaluate new business opportunities in South America.