Vertex Minerals (ASX:VTX) Interest Expense : A$-0.01 Mil (TTM As of Dec. 2023)

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What is Vertex Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vertex Minerals's interest expense for the six months ended in Dec. 2023 was A$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.01 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. Vertex Minerals's Operating Income for the six months ended in Dec. 2023 was A$ -0.45 Mil. Vertex Minerals's Interest Expense for the six months ended in Dec. 2023 was A$ -0.01 Mil. Vertex 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.

Vertex Minerals Interest Expense Historical Data

The historical data trend for Vertex 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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Vertex Minerals Interest Expense Chart

Vertex Minerals Annual Data

Trend

Jun22

Jun23

Interest Expense

Vertex Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Interest Expense	-	-	-	-0.01

Vertex 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-0.01 Mil.

Vertex Minerals (ASX:VTX) 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.

Vertex Minerals's Interest Expense for the six months ended in Dec. 2023 was A$-0.01 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-0.45 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.12 Mil.

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

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

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

Vertex Minerals (ASX:VTX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

460 Stirling Highway, Unit 38, Peppermint Grove, WA, AUS, 6011

Website

https://www.vertexminerals.com

Vertex Minerals Ltd is a mineral exploration and development company. It explores for gold. The Company is organised into one operating segment, being mining and exploration operations. The principal products and services of this operating segment are the mining and exploration operations predominately in Australia.

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