Resolute Mining (LSE:RSG) Interest Expense : £-10.7 Mil (TTM As of Dec. 2023)

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What is Resolute Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Resolute Mining's interest expense for the six months ended in Dec. 2023 was £ -4.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-10.7 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. Resolute Mining's Operating Income for the six months ended in Dec. 2023 was £ 20.2 Mil. Resolute Mining's Interest Expense for the six months ended in Dec. 2023 was £ -4.0 Mil. Resolute Mining's Interest Coverage for the quarter that ended in Dec. 2023 was 5.06. 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.

Resolute Mining Interest Expense Historical Data

The historical data trend for Resolute Mining'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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Resolute Mining Interest Expense Chart

Resolute Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-23.68

-14.28

-12.48

-17.07

-10.73

Resolute Mining 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															-6.11	-7.69	-9.29	-6.76	-3.99

Resolute Mining 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 £-10.7 Mil.

Resolute Mining (LSE:RSG) 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.

Resolute Mining's Interest Expense for the six months ended in Dec. 2023 was £-4.0 Mil. Its Operating Income for the six months ended in Dec. 2023 was £20.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £7.6 Mil.

Resolute Mining'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	*	20.185	/	-3.99
	=	5.06

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

Resolute Mining (LSE:RSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Resolute Mining Ltd (LSE:RSG) » Definitions » Interest Expense

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RMGGF:USA RSM:Germany RSG:Australia

Address

152 St Georges Terrace, Level 37, Central Park Tower, Perth, WA, AUS, 6000

Website

https://www.rml.com.au

Resolute Mining Ltd is an Australia-based gold producer. Its principal activities include gold mining, prospecting, and exploration of minerals. The company organizes its operations into three main business divisions, namely: Mako (Senegal), and Syama (Mali). The firm generates the majority of its revenue from the Syama (Mali) segment. Syama is a robust, long-life asset comprising an underground mine and associated sulphide processing circuit, along with satellite open pit operations which provide ore feed to a separate oxide processing circuit. Mako is a high-quality, open-pit gold mine.