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GoldStone Resources (FRA:GVL1) Interest Expense : €-2.03 Mil (TTM As of Jun. 2024)


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What is GoldStone Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GoldStone Resources's interest expense for the six months ended in Jun. 2024 was € -1.31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-2.03 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. GoldStone Resources's Operating Income for the six months ended in Jun. 2024 was € -0.94 Mil. GoldStone Resources's Interest Expense for the six months ended in Jun. 2024 was € -1.31 Mil. GoldStone 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.


GoldStone Resources Interest Expense Historical Data

The historical data trend for GoldStone 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.

* Premium members only.

GoldStone Resources Interest Expense Chart

GoldStone Resources Annual Data
Trend Feb14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.10 -0.03 -0.65 -0.48 -1.27

GoldStone Resources Semi-Annual Data
Aug14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.34 -0.14 -0.56 -0.72 -1.31

GoldStone 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-2.03 Mil.

* 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.


GoldStone Resources  (FRA:GVL1) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

GoldStone Resources's Interest Expense for the six months ended in Jun. 2024 was €-1.31 Mil. Its Operating Income for the six months ended in Jun. 2024 was €-0.94 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €0.00 Mil.

GoldStone Resources's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

GoldStone Resources did not have earnings to cover the interest expense.

* 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.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. GoldStone Resources Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


GoldStone Resources Business Description

Traded in Other Exchanges
Address
41 The Parade, 2nd Floor, International House, Saint Helier, JEY, JE2 3QQ
GoldStone Resources Ltd is an exploration company. Its primary activity is the exploration and mining of gold and associated elements. The company projects include Akrokeri and Homase Licence. It has two reportable egments: Exploration and Corporate.

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