Inmet Mining (FRA:MMC) Interest Expense : €-7.8 Mil (TTM As of Dec. 2012)

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What is Inmet Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Inmet Mining's interest expense for the three months ended in Dec. 2012 was € -2.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2012 was €-7.8 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. Inmet Mining's Operating Income for the three months ended in Dec. 2012 was € 28.0 Mil. Inmet Mining's Interest Expense for the three months ended in Dec. 2012 was € -2.0 Mil. Inmet Mining's Interest Coverage for the quarter that ended in Dec. 2012 was 13.95. 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.

Inmet Mining Interest Expense Historical Data

The historical data trend for Inmet 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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Inmet Mining Interest Expense Chart

Inmet Mining Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Interest Expense

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-1.15

-1.30

-5.20

-7.06

-7.67

Inmet Mining Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Interest Expense	Get a 7-Day Free Trial															-1.86	-2.03	-1.90	-1.91	-2.01

Inmet 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. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was €-7.8 Mil.

Inmet Mining (FRA:MMC) 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.

Inmet Mining's Interest Expense for the three months ended in Dec. 2012 was €-2.0 Mil. Its Operating Income for the three months ended in Dec. 2012 was €28.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2012 was €1,493.7 Mil.

Inmet Mining's Interest Coverage for the quarter that ended in Dec. 2012 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2012 )	/	Interest Expense (Q: Dec. 2012 )
	=	-1	*	27.987	/	-2.006
	=	13.95

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

Inmet Mining (FRA:MMC) Business Description

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Inmet Mining Corporation is a Canadian-based global mining company that produces base metals with a focus on copper. It operates and develops underground and open pit mines safely, responsibly and cost effectively. The Company has three operating properties and one development property around the world. Ã‡ayeli is an underground mine on the Black Sea coast of northeastern Turkey. It produces copper and zinc concentrates, which are sold to international and domestic smelters and traders. Las Cruces is an open pit mine in southern Spain. Las Cruces uses leaching and electrowinning technology to produce copper cathode which are sold to buyers in the Spanish and Mediterranean markets. PyhÃ¤salmi is an underground copper and zinc mine in central Finland. It produces copper, zinc and pyrite concentrates. Copper and zinc concentrates are sold under long-term contracts to smelters in Finland. Pyrite is sold under contract to customers in Europe and Asia as well as in the spot market. Cobre Panama is an open pit copper development project in Panama.