First Nickel (FRA:MYQ) Interest Expense: €-1.66 Mil (TTM As of Jun. 2015)

What is First Nickel Interest Expense?

First Nickel FRA:MYQ Interest Expense is €-1.66 Mil as of Jun. 2015. The stock has 4 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. First Nickel's interest expense for the three months ended in Jun. 2015 was € -0.46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2015 was €-1.66 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. First Nickel's Operating Income for the three months ended in Jun. 2015 was € -21.41 Mil. First Nickel's Interest Expense for the three months ended in Jun. 2015 was € -0.46 Mil. First Nickel 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.

First Nickel (FRA:MYQ) 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.

First Nickel's Interest Expense for the three months ended in Jun. 2015 was €-0.46 Mil. Its Operating Income for the three months ended in Jun. 2015 was €-21.41 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2015 was €25.31 Mil.

First Nickel's Interest Coverage for the quarter that ended in Jun. 2015 is calculated as

First Nickel 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.

First Nickel Interest Expense Historical Data

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The historical data trend for First Nickel's Interest Expense can be seen below:

First Nickel Interest Expense Chart

First Nickel Annual Data

Trend

Dec05

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Interest Expense

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-1.39

-0.70

-1.20

-1.60

-1.49

First Nickel Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Interest Expense	Get a 7-Day Free Trial															-0.45	-0.40	-0.39	-0.42	-0.46

First Nickel 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1.66 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of €-1.66 Mil mean?

First Nickel (FRA:MYQ) has a Interest Expense of €-1.66 Mil as of Jun. 2015. Interest Expense is the amount a company pays on its long-term debt. View historical data on First Nickel and its competitors.

Is First Nickel's Interest Expense too high?

First Nickel's current Interest Expense is €-1.66 Mil.

How does First Nickel's Interest Expense compare to competitors?

First Nickel's Interest Expense of €-1.66 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Interest Expense for a Metals & Mining company?

A good Interest Expense depends on the Metals & Mining industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Interest Expense mean?

A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on First Nickel and its competitors. First Nickel's current Interest Expense is €-1.66 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First Nickel stock overvalued right now?

First Nickel (FRA:MYQ) has a current Interest Expense of €-1.66 Mil. The current Interest Expense is €-1.66 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Interest Expense calculated?

Interest Expense is calculated from a company's financial statements. For First Nickel (FRA:MYQ), the current Interest Expense is €-1.66 Mil as of Jun. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Nickel Business Description

Industry Basic Materials Metals & Mining

Comparable Companies FRA:4CX1 FRA:NB71 FRA:3LQ FRA:C4A1 FRA:OGPN FRA:GSR FRA:M85 FRA:DXZA FRA:6GO1 FRA:DG7N FRA:MRD FRA:F9IQ FRA:37N2 FRA:X9T FRA:85G1 FRA:M4KP FRA:2CO1 FRA:QSGB FRA:4LPP FRA:F7E1

Address 120 Front Street East, Suite 206, Toronto, ON, CAN, M5A 4L9

Website http://www.firstnickel.com

First Nickel Inc was incorporated as 2035666 Ontario Inc., under the laws of the Province of Ontario on November 12, 2003. The Company is a Canadian mining company focused on becoming a mid-tier base metal producer through the successful mining, exploration, development and acquisition of opportunities throughout North America.