IGO (FRA:IDZ) Interest Expense : €-10.4 Mil (TTM As of Jun. 2024)

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What is IGO Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IGO's interest expense for the six months ended in Jun. 2024 was € -2.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-10.4 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. IGO's Operating Income for the six months ended in Jun. 2024 was € -221.9 Mil. IGO's Interest Expense for the six months ended in Jun. 2024 was € -2.3 Mil. IGO 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.

IGO Interest Expense Historical Data

The historical data trend for IGO'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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IGO Interest Expense Chart

IGO Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-2.18

-16.12

-3.39

-25.09

-10.49

IGO Semi-Annual Data
	Dec14	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															-1.46	-15.35	-10.16	-8.10	-2.34

IGO 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 €-10.4 Mil.

IGO (FRA:IDZ) 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.

IGO's Interest Expense for the six months ended in Jun. 2024 was €-2.3 Mil. Its Operating Income for the six months ended in Jun. 2024 was €-221.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €16.2 Mil.

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

IGO did not have earnings to cover the interest expense.

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

IGO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » IGO Ltd (FRA:IDZ) » Definitions » Interest Expense

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IIDDY:USA IPGDF:USA IDZ:Germany IGO:Australia

Address

85 South Perth Esplanade, Suite 4, Level 5, South Shore Centre, South Perth, Perth, WA, AUS, 6151

Website

https://www.igo.com.au

IGO is a mining and exploration company based in Western Australia. Its primary asset is a minority stake in the Greenbushes lithium mine through a joint venture with Tianqi Lithium Corporation and Albemarle. Greenbushes is the world's highest-quality hard rock lithium resource. IGO also has interest in downstream processing through a 49% stake in the Kwinana lithium hydroxide refinery. Outside of lithium, IGO owns and operates the Nova nickel-copper-cobalt mine, which has a short remaining life.

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