Mila Resources (LSE:MILA) Interest Expense : £0.00 Mil (TTM As of Dec. 2024)

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What is Mila Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mila Resources's interest expense for the six months ended in Dec. 2024 was £ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 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. Mila Resources's Operating Income for the six months ended in Dec. 2024 was £ -0.36 Mil. Mila Resources's Interest Expense for the six months ended in Dec. 2024 was £ 0.00 Mil. Mila 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.

Mila Resources Interest Expense Historical Data

The historical data trend for Mila 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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Mila Resources Interest Expense Chart

Mila Resources Annual Data

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Interest Expense

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Mila Resources Semi-Annual Data
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Mila 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 Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.00 Mil.

Mila Resources (LSE:MILA) 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.

Mila Resources's Interest Expense for the six months ended in Dec. 2024 was £0.00 Mil. Its Operating Income for the six months ended in Dec. 2024 was £-0.36 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2024 was £0.00 Mil.

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

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

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

Good Sign:

Mila Resources PLC has no debt.

Mila Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mila Resources PLC (LSE:MILA) » Definitions » Interest Expense

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Address

65 Gresham Street, 6th Floor, London, GBR, EC2V 7NQ

Website

https://www.milaresources.com

Mila Resources PLC is engaged in identifying potential companies, businesses, or assets that have operations in the natural resources exploration, development, and production sector. The principal activity of the Company was continued exploration and developments of the Kathleen Valley acreage. It includes three mining segments: Kathleen Lithium, Kathleen Gold, Queensland gold and copper.

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