Mincor Resources NL (Mincor Resources NL) Interest Expense : $-1.00 Mil (TTM As of Dec. 2022)

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What is Mincor Resources NL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mincor Resources NL's interest expense for the six months ended in Dec. 2022 was $ -0.69 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2022 was $-1.00 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. Mincor Resources NL's Operating Income for the six months ended in Dec. 2022 was $ -6.57 Mil. Mincor Resources NL's Interest Expense for the six months ended in Dec. 2022 was $ -0.69 Mil. Mincor Resources NL 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.

Mincor Resources NL Interest Expense Historical Data

The historical data trend for Mincor Resources NL'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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Mincor Resources NL Interest Expense Chart

Mincor Resources NL Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Interest Expense

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-0.01

-0.04

-1.61

Mincor Resources NL Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Interest Expense	Get a 7-Day Free Trial															-	-0.03	-1.33	-0.30	-0.69

Mincor Resources NL 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. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-1.00 Mil.

Mincor Resources NL (OTCPK:MCRZY) 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.

Mincor Resources NL's Interest Expense for the six months ended in Dec. 2022 was $-0.69 Mil. Its Operating Income for the six months ended in Dec. 2022 was $-6.57 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2022 was $7.47 Mil.

Mincor Resources NL's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Mincor Resources NL did not have earnings to cover the interest expense.

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

Mincor Resources NL (Mincor Resources NL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mincor Resources NL (OTCPK:MCRZY) » Definitions » Interest Expense

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Address

8 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mincor.com.au

Mincor Resources NL is an Australian mining company. The company has two segments namely Kambalda Nickel Operations and Exploration. It operates within the geographical area of Australia.

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