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Meteoric Resources NL (FRA:RNF) Interest Expense : €0.00 Mil (TTM As of Dec. 2023)


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What is Meteoric Resources NL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meteoric Resources NL's interest expense for the six months ended in Dec. 2023 was € 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €0.00 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. Meteoric Resources NL's Operating Income for the six months ended in Dec. 2023 was € -14.67 Mil. Meteoric Resources NL's Interest Expense for the six months ended in Dec. 2023 was € 0.00 Mil. Meteoric Resources NL has no long-term debt (1). 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Meteoric Resources NL Interest Expense Historical Data

The historical data trend for Meteoric Resources NL'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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Meteoric Resources NL Interest Expense Chart

Meteoric Resources NL Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Expense
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Meteoric Resources NL Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Meteoric Resources NL 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 €0.00 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.

Meteoric Resources NL  (FRA:RNF) 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.

Meteoric Resources NL's Interest Expense for the six months ended in Dec. 2023 was €0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was €-14.67 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €0.00 Mil.

Meteoric Resources NL's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Meteoric Resources NL had no long-term debt (1).

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Meteoric Resources NL has enough cash to cover all of its debt. Its financial situation is stable.

Meteoric Resources NL (FRA:RNF) Business Description

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METOF:USA MEI:Australia
Address
35 Ventnor Street, Level 1, West Perth, Perth, WA, AUS, 6005
Website
https://www.meteoric.com.au
Meteoric Resources NL explores mineral tenements. It focuses on iron, gold, copper, and nickel deposits with a portfolio of projects in Brazil, Canada, Western Australia, and Northern Territory. The company projects include Juruena Gold Project, Brazil; Palm Springs Gold Project, Western Australia; Novo Astro Project; Warrego North Project; and Webb Diamond JV. The Group has three reportable segments being exploration activities in Brazil, exploration activities in Canada and exploration activities in Australia.