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Nexa Resources AtacochaA (LIM:ATACOBC1) Interest Expense : S/.-23.6 Mil (TTM As of Sep. 2024)


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What is Nexa Resources AtacochaA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nexa Resources AtacochaA's interest expense for the three months ended in Sep. 2024 was S/. -6.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was S/.-23.6 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. Nexa Resources AtacochaA's Operating Income for the three months ended in Sep. 2024 was S/. 27.7 Mil. Nexa Resources AtacochaA's Interest Expense for the three months ended in Sep. 2024 was S/. -6.0 Mil. Nexa Resources AtacochaA's Interest Coverage for the quarter that ended in Sep. 2024 was 4.62. 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.


Nexa Resources AtacochaA Interest Expense Historical Data

The historical data trend for Nexa Resources AtacochaA'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.

* Premium members only.

Nexa Resources AtacochaA Interest Expense Chart

Nexa Resources AtacochaA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.55 -10.12 -7.48 -21.32 -21.16

Nexa Resources AtacochaA Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.42 -5.80 -6.07 -5.79 -5.99

Nexa Resources AtacochaA 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was S/.-23.6 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.


Nexa Resources AtacochaA  (LIM:ATACOBC1) 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.

Nexa Resources AtacochaA's Interest Expense for the three months ended in Sep. 2024 was S/.-6.0 Mil. Its Operating Income for the three months ended in Sep. 2024 was S/.27.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was S/.2.8 Mil.

Nexa Resources AtacochaA's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*27.705/-5.993
=4.62

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Nexa Resources Atacocha SAAs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


Nexa Resources AtacochaA Business Description

Traded in Other Exchanges
Address
Avenida Circunvalacion del Club Golf Los Incas N 170, Torre El Golf (Block A), Piso 22, Santiago de Surco, Lima, PER
Nexa Resources Atacocha SAA is engaged in the exploration, exploitation, production and commercialization of concentrates of zinc, copper and lead, the last two with gold and silver contents, which it extracts from its own mining claims. Its mining units are located in the regions of Pasco, Ica and Moquegua in Peru.

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