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Firestone Diamonds (LSE:FDI) Interest Expense : £-8.50 Mil (TTM As of Jun. 2020)


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What is Firestone Diamonds Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Firestone Diamonds's interest expense for the six months ended in Jun. 2020 was £ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2020 was £-8.50 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. Firestone Diamonds's Operating Income for the six months ended in Jun. 2020 was £ 0.00 Mil. Firestone Diamonds's Interest Expense for the six months ended in Jun. 2020 was £ 0.00 Mil. GuruFocus does not calculate Firestone Diamonds's interest coverage with the available data. 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.


Firestone Diamonds Interest Expense Historical Data

The historical data trend for Firestone Diamonds'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.

Firestone Diamonds Interest Expense Chart

Firestone Diamonds Annual Data
Trend Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.17 -0.53 -8.29 -8.49 -8.39

Firestone Diamonds Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Jun20
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 -4.35 -3.90 -4.25 -4.24 -

Firestone Diamonds 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 Jun. 2020 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-8.50 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.


Firestone Diamonds  (LSE:FDI) 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.

Firestone Diamonds's Interest Expense for the six months ended in Jun. 2020 was £0.00 Mil. Its Operating Income for the six months ended in Jun. 2020 was £0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2020 was £1.62 Mil.

Firestone Diamonds's Interest Coverage for the quarter that ended in Jun. 2020 is calculated as

GuruFocus does not calculate Firestone Diamonds's interest coverage with the available data.

* 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 is at least 5. Firestone Diamonds PLCs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


Firestone Diamonds (LSE:FDI) Business Description

Traded in Other Exchanges
N/A
Address
207 Brooklands Road, St Georges Business Park, Elder House, Weybridge, Weybridge, Surrey, GBR, KT13 0TS
Firestone Diamonds PLC is a UK-based diamond company. The company is primarily involved in diamond mining, exploration, and development in southern Africa. It has three principal operating segments - Liqhobong Mine, BK11 Mine and corporate. Its flagship asset is the Liqhobong Diamond Mine in Lesotho, and the group also has a stake in the BK11 Mine in Botswana. Also, it owns land in Finland that contains known diamond-bearing kimberlites. Its goal is to become a mid-tier diamond producer yielding one million carats per annum.

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