PT Vale Indonesia Tbk (ISX:INCO) Interest Expense : Rp-106,785 Mil (TTM As of Dec. 2023)

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What is PT Vale Indonesia Tbk Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PT Vale Indonesia Tbk's interest expense for the three months ended in Dec. 2023 was Rp -82,799 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was Rp-106,785 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. PT Vale Indonesia Tbk's Operating Income for the three months ended in Dec. 2023 was Rp 794,371 Mil. PT Vale Indonesia Tbk's Interest Expense for the three months ended in Dec. 2023 was Rp -82,799 Mil. PT Vale Indonesia Tbk's Interest Coverage for the quarter that ended in Dec. 2023 was 9.59. 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.

PT Vale Indonesia Tbk Interest Expense Historical Data

The historical data trend for PT Vale Indonesia Tbk'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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PT Vale Indonesia Tbk Interest Expense Chart

PT Vale Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-23,256.40

-22,709.06

-39,311.09

-60,092.47

-107,110.32

PT Vale Indonesia Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-35,221.74	-6,898.40	-8,609.90	-8,477.20	-82,799.30

PT Vale Indonesia Tbk 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 quarterly data reported by the company within the most recent 12 months, which was Rp-106,785 Mil.

PT Vale Indonesia Tbk (ISX:INCO) 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.

PT Vale Indonesia Tbk's Interest Expense for the three months ended in Dec. 2023 was Rp-82,799 Mil. Its Operating Income for the three months ended in Dec. 2023 was Rp794,371 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was Rp47,450 Mil.

PT Vale Indonesia Tbk's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	794370.696	/	-82799.298
	=	9.59

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

PT Vale Indonesia Tbk (ISX:INCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PT Vale Indonesia Tbk (ISX:INCO) » Definitions » Interest Expense

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PTNDY:USA PTNDF:USA XT3B:Germany

Address

Jalan Jenderal Sudirman Kav. 71, Sequis Tower, Lantai 20, Unit 6 and 7, Jakarta, IDN, 12190

Website

https://www.vale.com

PT Vale Indonesia Tbk is primarily engaged in nickel mining and processing in Indonesia. The company produces nickel in matte from lateritic ores at its integrated mining and processing facilities near Sorowako, Indonesia. The finished nickel product represents what is known in the industry as "primary nickel," meaning nickel produced principally from nickel ores, as opposed to "secondary" nickel, which is recovered from recycled metal which contains nickel. The majority of global nickel is used for stainless steel production.

PT Vale Indonesia Tbk (ISX:INCO) Headlines

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