Lepanto Consolidated Mining Co (PHS:LCB) Interest Expense : ₱-71 Mil (TTM As of Sep. 2024)

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What is Lepanto Consolidated Mining Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lepanto Consolidated Mining Co's interest expense for the three months ended in Sep. 2024 was ₱ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₱-71 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. Lepanto Consolidated Mining Co's Operating Income for the three months ended in Sep. 2024 was ₱ 73 Mil. Lepanto Consolidated Mining Co's Interest Expense for the three months ended in Sep. 2024 was ₱ -2 Mil. Lepanto Consolidated Mining Co's Interest Coverage for the quarter that ended in Sep. 2024 was 30.81. 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.

Lepanto Consolidated Mining Co Interest Expense Historical Data

The historical data trend for Lepanto Consolidated Mining Co'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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Lepanto Consolidated Mining Co Interest Expense Chart

Lepanto Consolidated Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-99.32

-66.89

-62.19

-72.47

-67.45

Lepanto Consolidated Mining Co 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															-0.60	-62.45	-6.64	0.01	-2.37

Lepanto Consolidated Mining Co 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 ₱-71 Mil.

Lepanto Consolidated Mining Co (PHS:LCB) 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.

Lepanto Consolidated Mining Co's Interest Expense for the three months ended in Sep. 2024 was ₱-2 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₱73 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₱208 Mil.

Lepanto Consolidated Mining Co'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	*	73.022	/	-2.37
	=	30.81

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Lepanto Consolidated Mining Co interest coverage is 2.32, which is low.

Lepanto Consolidated Mining Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lepanto Consolidated Mining Co (PHS:LCB) » Definitions » Interest Expense

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Traded in Other Exchanges

LC:Philippines

Address

21st Floor Lepanto Building, 8747 Paseo de Roxas, Bel-Air, Makati City, PHL, 1209

Website

https://www.lepantomining.com

Lepanto Consolidated Mining Co, based in the Philippines, primarily focuses on gold mining at two main sites: the Victoria and Teresa gold deposits. Their revenue streams are diversified across three segments. Firstly, it engages in Mining Activities, exploring and extracting various resources like gold, silver, copper, lead, zinc, and occasionally oil, gas, and coal. Secondly, it offers Services such as drilling, hauling, and sawmilling to both internal operations and external clients. Lastly, the company participates in Other activities like trading, manufacturing, investments, and insurance brokerage. However, their main source of revenue stems from mining operations, which remains their core business focus.

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