Ora Banda Mining (FRA:M6N) Interest Expense : €-2.0 Mil (TTM As of Dec. 2023)

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What is Ora Banda Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ora Banda Mining's interest expense for the six months ended in Dec. 2023 was € -1.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-2.0 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. Ora Banda Mining's Operating Income for the six months ended in Dec. 2023 was € 5.0 Mil. Ora Banda Mining's Interest Expense for the six months ended in Dec. 2023 was € -1.2 Mil. Ora Banda Mining's Interest Coverage for the quarter that ended in Dec. 2023 was 4.29. 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.

Ora Banda Mining Interest Expense Historical Data

The historical data trend for Ora Banda Mining'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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Ora Banda Mining Interest Expense Chart

Ora Banda Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-2.83

-0.14

-0.05

-0.08

-1.22

Ora Banda Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.31	0.24	-0.42	-0.81	-1.17

Ora Banda Mining 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-2.0 Mil.

Ora Banda Mining (FRA:M6N) 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.

Ora Banda Mining's Interest Expense for the six months ended in Dec. 2023 was €-1.2 Mil. Its Operating Income for the six months ended in Dec. 2023 was €5.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €8.9 Mil.

Ora Banda Mining's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	5.007	/	-1.166
	=	4.29

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

Ora Banda Mining (FRA:M6N) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ora Banda Mining Ltd (FRA:M6N) » Definitions » Interest Expense

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OBM:Australia

Address

2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6008

Website

https://www.orabandamining.com.au

Ora Banda Mining Ltd operates as an exploration and production company in Australia. It is focused on the mining and processing of gold, exploration, and evaluation of gold mineralization. It owns an interest in the Davyhurst Project located to the northwest of Kalgoorlie within the Eastern Goldfields of Western Australia. Some of the projects of the company are Riverina, Lady Ida, and Others.

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