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Eurasian Natural Resources (LSE:ENRC) Interest Expense : £-218 Mil (TTM As of Dec. 2013)


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What is Eurasian Natural Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Eurasian Natural Resources's interest expense for the six months ended in Dec. 2013 was £ -218 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2013 was £-218 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. Eurasian Natural Resources's Operating Income for the six months ended in Dec. 2013 was £ -1,805 Mil. Eurasian Natural Resources's Interest Expense for the six months ended in Dec. 2013 was £ -218 Mil. Eurasian Natural Resources 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.


Eurasian Natural Resources Interest Expense Historical Data

The historical data trend for Eurasian Natural Resources'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.

Eurasian Natural Resources Interest Expense Chart

Eurasian Natural Resources Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.62 -17.95 -80.89 -139.89 -218.38

Eurasian Natural Resources Semi-Annual Data
Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.62 -17.95 -80.89 -139.89 -218.38

Eurasian Natural Resources Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2013 was £-218 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.


Eurasian Natural Resources  (LSE:ENRC) 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.

Eurasian Natural Resources's Interest Expense for the six months ended in Dec. 2013 was £-218 Mil. Its Operating Income for the six months ended in Dec. 2013 was £-1,805 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2013 was £3,213 Mil.

Eurasian Natural Resources's Interest Coverage for the quarter that ended in Dec. 2013 is calculated as

Eurasian Natural Resources did not have earnings to cover the interest expense.

* 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.


Eurasian Natural Resources (LSE:ENRC) Business Description

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Eurasian Natural Resources Corp Ltd was incorporated on December 06, 2006. It is a diversified natural resources company. It performs integrated mining, processing, power generation, logistics and marketing operations. Its six operating segments are Ferroalloys, Iron Ore, Alumina and Aluminium, Other Non-ferrous, Energy, and Logistics. Ferroalloys comprises the extraction and sale of chrome ore as well as the production of ferroalloys from chromium and manganese ores. Iron Ore comprises exploration, extraction, processing and manufacturing of iron ore products. Alumina and Aluminium comprises extraction and processing of bauxite and limestone, and smelting of alumina and aluminium. Other Non-ferrous comprises the exploration and extraction, processing and manufacturing of copper and cobalt products, and the exploration of other minerals in Africa. Energy comprises coal mining and power generation. Logistics includes transportation and logistical services to the company's primary operating divisions and to third parties.

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