Technology Minerals (LSE:TM1) Interest Expense : £-0.79 Mil (TTM As of Dec. 2023)

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What is Technology Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Technology Minerals's interest expense for the six months ended in Dec. 2023 was £ -0.40 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was £-0.79 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. Technology Minerals's Operating Income for the six months ended in Dec. 2023 was £ -1.13 Mil. Technology Minerals's Interest Expense for the six months ended in Dec. 2023 was £ -0.40 Mil. Technology Minerals did not have earnings to cover the interest expense. 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.

Technology Minerals Interest Expense Historical Data

The historical data trend for Technology Minerals'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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Technology Minerals Interest Expense Chart

Technology Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Interest Expense

-0.23

Technology Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	-	-	-	-0.39	-0.40

Technology Minerals 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 £-0.79 Mil.

Technology Minerals (LSE:TM1) 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.

Technology Minerals's Interest Expense for the six months ended in Dec. 2023 was £-0.40 Mil. Its Operating Income for the six months ended in Dec. 2023 was £-1.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was £1.71 Mil.

Technology Minerals's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Technology Minerals did not have earnings to cover the interest expense.

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

Technology Minerals (LSE:TM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Technology Minerals PLC (LSE:TM1) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Savile Row, London, GBR, W1S 3PW

Website

https://www.technologyminerals.co.uk

Technology Minerals PLC is a London-based mineral exploration company focused on the exploration of mineral resource projects in Ireland (Li project), Spain (Cu-Co-Ni project), Cameroon (Ni-Co project), and three projects in the USA (Cu-Co, Co, and Ni-Co-Cu projects, respectively).

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