Great Western Minerals Group (Great Western Minerals Group) Interest Expense : $-13.88 Mil (TTM As of Sep. 2014)

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What is Great Western Minerals Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Great Western Minerals Group's interest expense for the three months ended in Sep. 2014 was $ -3.51 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2014 was $-13.88 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. Great Western Minerals Group's Operating Income for the three months ended in Sep. 2014 was $ -2.39 Mil. Great Western Minerals Group's Interest Expense for the three months ended in Sep. 2014 was $ -3.51 Mil. Great Western Minerals Group 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.

Great Western Minerals Group Interest Expense Historical Data

The historical data trend for Great Western Minerals Group'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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Great Western Minerals Group Interest Expense Chart

Great Western Minerals Group Annual Data

Trend

Dec04

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Dec13

Interest Expense

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-1.15

-1.51

-0.14

-10.47

-12.09

Great Western Minerals Group Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Interest Expense	Get a 7-Day Free Trial															-3.15	-3.45	-3.34	-3.58	-3.51

Great Western Minerals Group 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 Sep. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-13.88 Mil.

Great Western Minerals Group (OTCPK:GWMGF) 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.

Great Western Minerals Group's Interest Expense for the three months ended in Sep. 2014 was $-3.51 Mil. Its Operating Income for the three months ended in Sep. 2014 was $-2.39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2014 was $68.06 Mil.

Great Western Minerals Group's Interest Coverage for the quarter that ended in Sep. 2014 is calculated as

Great Western Minerals Group did not have earnings to cover the interest expense.

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

Great Western Minerals Group (Great Western Minerals Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Western Minerals Group Ltd (OTCPK:GWMGF) » Definitions » Interest Expense

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Address

Unit 201B, 2121 Airport Drive, Saskatoon, SK, CAN, S7L 6W5

Website

http://www.gwmg.ca

Great Western Minerals Group Ltd is a Canadian-based exploration and development company, which is engaged in the exploration and development of its rare earth elements (REE) property, and the manufacturing and marketing of products containing REE. The company operates as an integrated rare earth processor which manufactures specialty alloys used in the magnet, battery, defense and aerospace industries. It holds an interest in the Steenkampskraal monazite mine, located approximately 350 kilometers northwest of Cape Town, South Africa. Further, the group also holds an interest in Hoidas Lake rare earth mineral property in Canada.

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