Oakbay Resources and Energy (JSE:46926) Interest Expense : R-56.4 Mil (TTM As of Feb. 2017)

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What is Oakbay Resources and Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oakbay Resources and Energy's interest expense for the six months ended in Feb. 2017 was R -17.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2017 was R-56.4 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. Oakbay Resources and Energy's Operating Income for the six months ended in Feb. 2017 was R -1,177.4 Mil. Oakbay Resources and Energy's Interest Expense for the six months ended in Feb. 2017 was R -17.9 Mil. Oakbay Resources and Energy 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.

Oakbay Resources and Energy Interest Expense Historical Data

The historical data trend for Oakbay Resources and Energy'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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Oakbay Resources and Energy Interest Expense Chart

Oakbay Resources and Energy Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Interest Expense

-54.43

-53.76

-46.84

-56.37

Oakbay Resources and Energy Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17
Interest Expense	Get a 7-Day Free Trial			77.73	-21.50	-25.33	-38.45	-17.92

Oakbay Resources and Energy 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 Feb. 2017 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-56.4 Mil.

Oakbay Resources and Energy (JSE:46926) 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.

Oakbay Resources and Energy's Interest Expense for the six months ended in Feb. 2017 was R-17.9 Mil. Its Operating Income for the six months ended in Feb. 2017 was R-1,177.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Feb. 2017 was R71.6 Mil.

Oakbay Resources and Energy's Interest Coverage for the quarter that ended in Feb. 2017 is calculated as

Oakbay Resources and Energy did not have earnings to cover the interest expense.

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

Oakbay Resources and Energy (JSE:46926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oakbay Resources and Energy Ltd (JSE:46926) » Definitions » Interest Expense

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Address

Website

http://www.oakbay.co.za

Oakbay Resources and Energy Ltd mines for energy resources with a focus on uranium development and coal production. The company's Shiva Uranium project inferred uranium resources more than 190 million pounds and indicated and inferred gold resources more than 5 million ounces. It mines for gold deposits as a by-product and offers outsourced contracting to the mining industry. The company's segments consist of Gold Operations, Uranium Development, Central Services and Contract Mining. The majority of its revenues are derived from mining and sale of gold in the Republic of South Africa.

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