Robex Resources (Robex Resources) Interest Expense : $-1.3 Mil (TTM As of Mar. 2024)

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What is Robex Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Robex Resources's interest expense for the three months ended in Mar. 2024 was $ -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.3 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. Robex Resources's Operating Income for the three months ended in Mar. 2024 was $ 8.7 Mil. Robex Resources's Interest Expense for the three months ended in Mar. 2024 was $ -0.3 Mil. Robex Resources's Interest Coverage for the quarter that ended in Mar. 2024 was 25.76. 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.

Robex Resources Interest Expense Historical Data

The historical data trend for Robex Resources'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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Robex Resources Interest Expense Chart

Robex Resources Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

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Dec23

Interest Expense

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-1.83

-0.64

-0.58

-1.13

-1.37

Robex Resources 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															-0.44	-0.55	-0.47	0.09	-0.34

Robex Resources 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 $-1.3 Mil.

Robex Resources (OTCPK:RSRBF) 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.

Robex Resources's Interest Expense for the three months ended in Mar. 2024 was $-0.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was $8.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $4.5 Mil.

Robex Resources'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	*	8.657	/	-0.336
	=	25.76

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

Robex Resources (Robex Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Robex Resources Inc (OTCPK:RSRBF) » Definitions » Interest Expense

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Traded in Other Exchanges

RBX:Canada

Address

Edifice Le Delta 1 2875, bureau 1000, boulevard Laurier, Quebec, QC, CAN, G1V 2M2

Website

https://www.robexgold.com

Robex Resources Inc is an exploration and mining development company. It holds four exploration permits namely Kolomba, Mininko, Sanoula, and Kamasso are all located in Mali, in West Africa. The Nampala mine is a simple concentrator, completely geared towards the performance of the process.