Prospect Global Resources, (FRA:0PGN) Interest Expense : €-21.35 Mil (TTM As of Dec. 2013)

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What is Prospect Global Resources, Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prospect Global Resources,'s interest expense for the three months ended in Dec. 2013 was € -6.83 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2013 was €-21.35 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. Prospect Global Resources,'s Operating Income for the three months ended in Dec. 2013 was € -4.18 Mil. Prospect Global Resources,'s Interest Expense for the three months ended in Dec. 2013 was € -6.83 Mil. Prospect Global Resources, 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.

Prospect Global Resources, Interest Expense Historical Data

The historical data trend for Prospect Global 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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Prospect Global Resources, Interest Expense Chart

Prospect Global Resources, Annual Data

Trend

Dec09

Dec10

Dec11

Mar12

Mar13

Interest Expense

-1.55

-1.47

-5.59

Prospect Global Resources, Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Interest Expense	Get a 7-Day Free Trial															-2.09	-2.03	-6.34	-6.15	-6.83

Prospect Global 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. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €-21.35 Mil.

Prospect Global Resources, (FRA:0PGN) 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.

Prospect Global Resources,'s Interest Expense for the three months ended in Dec. 2013 was €-6.83 Mil. Its Operating Income for the three months ended in Dec. 2013 was €-4.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2013 was €0.00 Mil.

Prospect Global Resources,'s Interest Coverage for the quarter that ended in Dec. 2013 is calculated as

Prospect Global Resources, did not have earnings to cover the interest expense.

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

Prospect Global Resources, (FRA:0PGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prospect Global Resources, Inc. (FRA:0PGN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1401 17th Street, Suite 1550, Denver, CO, USA, 80202

Website

http://www.prospectgri.com

Prospect Global Resources Inc is engaged in the exploration and mining of natural resources. The Company is engaged in the exploration and mining of potash in the Holbrook Basin of eastern Arizona.

Prospect Global Resources, (FRA:0PGN) Headlines

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