Nova Minerals (Nova Minerals) Interest Expense : $-0.38 Mil (TTM As of Dec. 2023)

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What is Nova Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nova Minerals's interest expense for the six months ended in Dec. 2023 was $ -0.27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.38 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. Nova Minerals's Operating Income for the six months ended in Dec. 2023 was $ -1.16 Mil. Nova Minerals's Interest Expense for the six months ended in Dec. 2023 was $ -0.27 Mil. Nova 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.

Nova Minerals Interest Expense Historical Data

The historical data trend for Nova 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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Nova Minerals Interest Expense Chart

Nova Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.08

-0.10

-0.24

Nova Minerals 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															-0.10	-	-0.14	-0.11	-0.27

Nova 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 $-0.38 Mil.

Nova Minerals (OTCPK:NVAAF) 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.

Nova Minerals's Interest Expense for the six months ended in Dec. 2023 was $-0.27 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-1.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $0.00 Mil.

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

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

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

Nova Minerals (Nova Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nova Minerals Ltd (OTCPK:NVAAF) » Definitions » Interest Expense

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QM3:Germany NVA:Australia

Address

242 Hawthorn Road, Suite 5, Caulfield, VIC, AUS, 3161

Website

https://www.novaminerals.com.au

Nova Minerals Ltd is a minerals explorer and developer focused on gold and lithium projects in North America. It has a diversified portfolio of projects across the US, Canada, and Australia. Its key projects include Nova's 6.2Moz Estelle Gold Project on Korbel Main and RPM in Alaska, which holds some of North America's largest gold deposits, and the company's majority-owned Snow Lakes Resources, a proposed zero carbon lithium spodumene project in Canada ideally located on rail access to the US Auto Alley. Nova aims to provide shareholders with diversification through exposure to base and precious metals and to capitalize on the growing demand for lithium-based energy storage.

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