Alderon Iron Ore (Alderon Iron Ore) Interest Expense : $-2.46 Mil (TTM As of Sep. 2019)

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What is Alderon Iron Ore Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alderon Iron Ore's interest expense for the three months ended in Sep. 2019 was $ -0.64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2019 was $-2.46 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. Alderon Iron Ore's Operating Income for the three months ended in Sep. 2019 was $ -0.51 Mil. Alderon Iron Ore's Interest Expense for the three months ended in Sep. 2019 was $ -0.64 Mil. Alderon Iron Ore 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.

Alderon Iron Ore Interest Expense Historical Data

The historical data trend for Alderon Iron Ore'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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Alderon Iron Ore Interest Expense Chart

Alderon Iron Ore Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Interest Expense

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-0.27

-1.95

-2.14

-2.33

-2.18

Alderon Iron Ore Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Interest Expense	Get a 7-Day Free Trial															-0.58	-0.59	-0.60	-0.63	-0.64

Alderon Iron Ore 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 Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.46 Mil.

Alderon Iron Ore (OTCPK:AXXDF) 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.

Alderon Iron Ore's Interest Expense for the three months ended in Sep. 2019 was $-0.64 Mil. Its Operating Income for the three months ended in Sep. 2019 was $-0.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2019 was $0.04 Mil.

Alderon Iron Ore's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Alderon Iron Ore did not have earnings to cover the interest expense.

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

Alderon Iron Ore (Alderon Iron Ore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alderon Iron Ore Corp (OTCPK:AXXDF) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

1140 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6E 4G1

Website

https://www.alderonironore.com

Alderon Iron Ore Corp is a Canada based development-stage company. It is conducting iron ore evaluation activities related entirely to its Canadian properties located in western Labrador in the province of Newfoundland and Labrador. The company's operating segment is the acquisition, exploration, and evaluation of mineral resources. Its flagship project is the Kami Iron Ore project located in the Labrador Trough.

Alderon Iron Ore (Alderon Iron Ore) Headlines

From GuruFocus

Mr. John Baker Resigns from the Board of Alderon

By GlobeNewswire GlobeNewswire • 12-16-2019

Alderon Signs Energy Infrastructure MOU with Envest Corp. for the Premium-Quality Kami Iron Ore Project

By GlobeNewswire GlobeNewswire • 02-27-2019

Altius to Increase Shareholdings in Alderon

By GlobeNewswire GlobeNewswire • 03-22-2018

Alderon Announces Results of its Updated Feasibility Study Demonstrating US$1.7 Billion NPV at 8% discount rate and 24.6% IRR (Pre-Tax) for the Premium-Quality Kami Iron Ore Project

By GlobeNewswire GlobeNewswire • 09-26-2018