Contango Ore (FRA:F85) Interest Expense : €-4.62 Mil (TTM As of Mar. 2024)

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What is Contango Ore Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Contango Ore's interest expense for the three months ended in Mar. 2024 was € -1.87 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-4.62 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. Contango Ore's Operating Income for the three months ended in Mar. 2024 was € -2.50 Mil. Contango Ore's Interest Expense for the three months ended in Mar. 2024 was € -1.87 Mil. Contango 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.

Contango Ore Interest Expense Historical Data

The historical data trend for Contango 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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Contango Ore Interest Expense Chart

Contango Ore Annual Data

Trend

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Interest Expense

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-0.31

-1.81

Contango Ore Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.42	-0.57	-0.80	-1.39	-1.87

Contango 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-4.62 Mil.

Contango Ore (FRA:F85) 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.

Contango Ore's Interest Expense for the three months ended in Mar. 2024 was €-1.87 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-2.50 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €32.55 Mil.

Contango Ore's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Contango Ore did not have earnings to cover the interest expense.

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

Contango Ore (FRA:F85) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Contango Ore Inc (FRA:F85) » Definitions » Interest Expense

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CTGO:USA

Address

3700 Buffalo Speedway, Suite 925, Houston, TX, USA, 77098

Website

https://www.contangoore.com

Contango Ore Inc operates in the United States. The company is engaged in the exploration of gold, silver, and copper ores in the State of Alaska. The company's primary focus is the exploration of a mineral lease with the Native Village of Tetlin whose governmental entity is the Tetlin Tribal Council for the exploration of minerals near Tok, Alaska. It has formed a joint venture to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Tetlin Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska.

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