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Thor Explorations (LSE:THX) Interest Expense : £-8.4 Mil (TTM As of Sep. 2024)


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What is Thor Explorations Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Thor Explorations's interest expense for the three months ended in Sep. 2024 was £ -1.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was £-8.4 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. Thor Explorations's Operating Income for the three months ended in Sep. 2024 was £ 15.0 Mil. Thor Explorations's Interest Expense for the three months ended in Sep. 2024 was £ -1.8 Mil. Thor Explorations's Interest Coverage for the quarter that ended in Sep. 2024 was 8.45. 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.

Thor Explorations Interest Expense Historical Data

The historical data trend for Thor Explorations'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.

Thor Explorations Interest Expense Chart

Thor Explorations Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.04 - -0.05 -12.00 -10.36

Thor Explorations Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -2.67 -2.51 -2.27 -1.88 -1.78

Thor Explorations 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 quarterly data reported by the company within the most recent 12 months, which was £-8.4 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.

Thor Explorations  (LSE:THX) 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.

Thor Explorations's Interest Expense for the three months ended in Sep. 2024 was £-1.8 Mil. Its Operating Income for the three months ended in Sep. 2024 was £15.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was £2.7 Mil.

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

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*15.007/-1.777
=8.45

* 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.

Thor Explorations Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thor Explorations Ltd (LSE:THX) » Definitions » Interest Expense
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Traded in Other Exchanges
THXPF:USA T2X:Germany THX:Canada
Address
1075 West Georgia Street, Suite 220, Vancouver, BC, CAN, V6EC9
Website
https://www.thorexpl.com
Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria and a 70% interest in the Douta Gold Project located in south-eastern Senegal. It also holds a 100% interest in the Bongui and Legue gold permits located in Hounde greenstone belt, southwest Burkina Faso. It has three reportable segments, the Segilola Mine Project, Exploration Projects, and Corporate.

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