ORVMF (Orvana Minerals) Interest Expense : $-1.48 Mil (TTM As of Sep. 2024)

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What is Orvana Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Orvana Minerals's interest expense for the three months ended in Sep. 2024 was $ -0.87 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.48 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. Orvana Minerals's Operating Income for the three months ended in Sep. 2024 was $ 5.92 Mil. Orvana Minerals's Interest Expense for the three months ended in Sep. 2024 was $ -0.87 Mil. Orvana Minerals's Interest Coverage for the quarter that ended in Sep. 2024 was 6.77. 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.

Orvana Minerals Interest Expense Historical Data

The historical data trend for Orvana 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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Orvana Minerals Interest Expense Chart

Orvana Minerals Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Interest Expense

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-0.86

-0.75

-0.51

-0.68

-1.48

Orvana Minerals 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															-0.09	-0.23	-0.14	-0.23	-0.87

Orvana 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.48 Mil.

Orvana Minerals (OTCPK:ORVMF) 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.

Orvana Minerals's Interest Expense for the three months ended in Sep. 2024 was $-0.87 Mil. Its Operating Income for the three months ended in Sep. 2024 was $5.92 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $28.99 Mil.

Orvana Minerals'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	*	5.918	/	-0.874
	=	6.77

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

Orvana Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orvana Minerals Corp (OTCPK:ORVMF) » Definitions » Interest Expense

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Traded in Other Exchanges

O6M:Germany ORV:Canada

Address

70 York Street, Suite 1710, Toronto, ON, CAN, M5J 1S9

Website

https://www.orvana.com

Orvana Minerals Corp is a Canadian mining and exploration company that is involved in the evaluation, development, and mining of precious and base metal deposits. The company predominantly operates in the gold and copper mining industry and its majority of the products are gold dore and gold/copper concentrates. Its properties include El Valle and Carles mines and the El Valle processing plant (collectively, El Valle), producer of copper concentrate and dore, Don Mario Operation and Taguas Property. The company's segments include Orovalle, which operates El Valle Mine in Spain, EMIPA which operates Don Mario Mine in Bolivia, Orvana Argentina and Corporate. Majority of the revenue for the company is generated from its Orovalle segment.