Jubilee Metals Group (LSE:JLP) Interest Expense : £-6.7 Mil (TTM As of Dec. 2023)

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What is Jubilee Metals Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jubilee Metals Group's interest expense for the six months ended in Dec. 2023 was £ -3.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-6.7 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. Jubilee Metals Group's Operating Income for the six months ended in Dec. 2023 was £ 3.8 Mil. Jubilee Metals Group's Interest Expense for the six months ended in Dec. 2023 was £ -3.1 Mil. Jubilee Metals Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.22. 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.

Jubilee Metals Group Interest Expense Historical Data

The historical data trend for Jubilee Metals Group'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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Jubilee Metals Group Interest Expense Chart

Jubilee Metals Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-1.11

-2.42

-1.67

-1.45

-5.17

Jubilee Metals Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.75	-0.69	-1.60	-3.56	-3.13

Jubilee Metals Group 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-6.7 Mil.

Jubilee Metals Group (LSE:JLP) 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.

Jubilee Metals Group's Interest Expense for the six months ended in Dec. 2023 was £-3.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was £3.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £2.7 Mil.

Jubilee Metals Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	3.804	/	-3.127
	=	1.22

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. Jubilee Metals Group PLC interest coverage is 2.19, which is low.

Jubilee Metals Group (LSE:JLP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jubilee Metals Group PLC (LSE:JLP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

JBL:South Africa JUBPF:USA JI5:Germany

Address

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

Website

https://www.jubileemetalsgroup.com

Jubilee Metals Group PLC is a platinum-focused mining and exploration company. The Company's operations include PGM and Chrome, engaged in the processing of PGM and chromium-containing materials; Copper and Cobalt are involved in the processing of materials containing copper and cobalt; Others include administrative and corporate expenses. It has operations in six countries namely South Africa, Australia, Madagascar, Mauritius, Zambia, and the United Kingdom.

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