African Minerals (FRA:OUV) Interest Expense : €-112.3 Mil (TTM As of Jun. 2014)

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What is African Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. African Minerals's interest expense for the six months ended in Jun. 2014 was € -57.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2014 was €-112.3 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. African Minerals's Operating Income for the six months ended in Jun. 2014 was € -62.6 Mil. African Minerals's Interest Expense for the six months ended in Jun. 2014 was € -57.6 Mil. African Minerals 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.

African Minerals Interest Expense Historical Data

The historical data trend for African Minerals'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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African Minerals Interest Expense Chart

African Minerals Annual Data

Trend

Dec04

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Dec13

Interest Expense

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-30.10

-105.41

African Minerals Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Interest Expense	Get a 7-Day Free Trial				-	-30.10	-52.68	-54.68	-57.63

African Minerals 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. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-112.3 Mil.

African Minerals (FRA:OUV) 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.

African Minerals's Interest Expense for the six months ended in Jun. 2014 was €-57.6 Mil. Its Operating Income for the six months ended in Jun. 2014 was €-62.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2014 was €368.0 Mil.

African Minerals's Interest Coverage for the quarter that ended in Jun. 2014 is calculated as

African Minerals did not have earnings to cover the interest expense.

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

African Minerals (FRA:OUV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Minerals Ltd (FRA:OUV) » Definitions » Interest Expense

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Address

Stratton House, 5 Stratton Street, London, GBR, W1J 8LA

Website

http://www.african-minerals.com

African Minerals Ltd is a mineral exploration and development company. It is engaged in the development, design, construction, and operation of iron ore deposit at Tonkolili, Sierra Leone, and its related rail and port infrastructure. In addition, it is also involved in the marketing and sale of the iron ore produced from this project.

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