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Kinross Gold (FRA:KIN2) Interest Expense : €-48 Mil (TTM As of Sep. 2024)


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What is Kinross Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kinross Gold's interest expense for the three months ended in Sep. 2024 was € -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-48 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. Kinross Gold's Operating Income for the three months ended in Sep. 2024 was € 484 Mil. Kinross Gold's Interest Expense for the three months ended in Sep. 2024 was € -12 Mil. Kinross Gold's Interest Coverage for the quarter that ended in Sep. 2024 was 40.41. 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.

Kinross Gold Interest Expense Historical Data

The historical data trend for Kinross Gold'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.

Kinross Gold Interest Expense Chart

Kinross Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -69.21 -73.65 -63.37 -64.38 -63.27

Kinross Gold Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -18.93 -14.67 -10.40 -10.68 -11.98

Kinross Gold 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-48 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.

Kinross Gold  (FRA:KIN2) 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.

Kinross Gold's Interest Expense for the three months ended in Sep. 2024 was €-12 Mil. Its Operating Income for the three months ended in Sep. 2024 was €484 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €1,126 Mil.

Kinross Gold's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*484.288/-11.983
=40.41

* 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.

Kinross Gold Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (FRA:KIN2) » Definitions » Interest Expense
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Traded in Other Exchanges
KGC:USA KGC:Mexico 0R2D:UK KIN2:Germany K:Canada KGC:Argentina
Address
25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5
Website
https://www.kinross.com
Kinross Gold is a Canada-based gold producer, producing roughly 2.2 million gold equivalent ounces in 2023. The company had about a decade of gold reserves at the end of 2023. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.

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