Global Ferronickel Holdings (PHS:FNI) Interest Expense : ₱-258 Mil (TTM As of Mar. 2024)

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What is Global Ferronickel Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Global Ferronickel Holdings's interest expense for the three months ended in Mar. 2024 was ₱ -51 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₱-258 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. Global Ferronickel Holdings's Operating Income for the three months ended in Mar. 2024 was ₱ 4 Mil. Global Ferronickel Holdings's Interest Expense for the three months ended in Mar. 2024 was ₱ -51 Mil. Global Ferronickel Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 0.08. 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.

Global Ferronickel Holdings Interest Expense Historical Data

The historical data trend for Global Ferronickel Holdings'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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Global Ferronickel Holdings Interest Expense Chart

Global Ferronickel Holdings Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-75.40

-50.35

-58.24

-156.70

-271.43

Global Ferronickel Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-67.88	-74.48	-71.20	-60.97	-50.92

Global Ferronickel Holdings 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱-258 Mil.

Global Ferronickel Holdings (PHS:FNI) 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.

Global Ferronickel Holdings's Interest Expense for the three months ended in Mar. 2024 was ₱-51 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₱4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱1,738 Mil.

Global Ferronickel Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	4.203	/	-50.919
	=	0.08

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

Global Ferronickel Holdings (PHS:FNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Ferronickel Holdings Inc (PHS:FNI) » Definitions » Interest Expense

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Address

Asean Avenue corner Fuentes Street, Penthouse, Platinum Tower, Metro Manila, Paranaque, PHL, 1701

Website

https://www.gfni.com.ph

Global Ferronickel Holdings Inc is a nickel producer in the Philippines and a supplier of nickel ore. The company has an extensive portfolio of exploration sites and exploration programs. Its operating segment includes Mining; Manufacturing and Services. The company generates maximum revenue from the Mining segment. Mining segment, which is engaged in the mining and exploration of nickel saprolite and limonite ore. Geographically, it operates in the Philippines and Hong Kong.