Galileo Resources (LSE:GLR) Interest Expense : £0.00 Mil (TTM As of Sep. 2024)

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What is Galileo Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Galileo Resources's interest expense for the six months ended in Sep. 2024 was £ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was £0.00 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. Galileo Resources's Operating Income for the six months ended in Sep. 2024 was £ -0.51 Mil. Galileo Resources's Interest Expense for the six months ended in Sep. 2024 was £ 0.00 Mil. Galileo Resources has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Galileo Resources Interest Expense Historical Data

The historical data trend for Galileo 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.

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Galileo Resources Interest Expense Chart

Galileo Resources Annual Data

Trend

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Interest Expense

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Galileo Resources Semi-Annual Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Galileo Resources 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 semi-annually data reported by the company within the most recent 12 months, which was £0.00 Mil.

Galileo Resources (LSE:GLR) 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.

Galileo Resources's Interest Expense for the six months ended in Sep. 2024 was £0.00 Mil. Its Operating Income for the six months ended in Sep. 2024 was £-0.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was £0.00 Mil.

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

Galileo Resources had no long-term debt ⁽¹⁾.

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

Good Sign:

Galileo Resources PLC has no debt.

Galileo Resources Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galileo Resources PLC (LSE:GLR) » Definitions » Interest Expense

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GLR.GB:UK 2GA:Germany

Address

7/8 Kendrick Mews, 1st Floor, London, GBR, SW7 3HG

Website

https://www.galileoresources.com

Galileo Resources PLC is a mining company. Its projects include Kalahari Copperbelt: Botswana; Star Zinc: Zambia, Kashitu Project: Zambia, Glenover Project: South Africa, and Ferber Project: Nevada USA, Lithium & Gold projects: Zimbabwe and others.

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