Sipa Resources (Sipa Resources) Interest Expense : $0.00 Mil (TTM As of Dec. 2023)

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What is Sipa Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sipa Resources's interest expense for the six months ended in Dec. 2023 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $0.00 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. Sipa Resources's Operating Income for the six months ended in Dec. 2023 was $ -0.54 Mil. Sipa Resources's Interest Expense for the six months ended in Dec. 2023 was $ 0.00 Mil. Sipa Resources has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Sipa Resources Interest Expense Historical Data

The historical data trend for Sipa 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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Sipa Resources Interest Expense Chart

Sipa Resources Annual Data

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Interest Expense

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Sipa Resources Semi-Annual Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Sipa 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.00 Mil.

Sipa Resources (OTCPK:SIESF) 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.

Sipa Resources's Interest Expense for the six months ended in Dec. 2023 was $0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-0.54 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $0.00 Mil.

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

Sipa Resources had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Sipa Resources Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Sipa Resources (Sipa Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sipa Resources Ltd (OTCPK:SIESF) » Definitions » Interest Expense

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SRI:Australia

Address

12-20 Railway Road, Unit 5, First Floor, Subaico Court, Subaico, Perth, WA, AUS, 6008

Website

https://www.sipa.com.au

Sipa Resources Ltd is a gold, base metals, and nickel exploration company. It is engaged in acquisitions and exploration of mineral tenements. The company's projects include Paterson North, Kitgum Pader, Warralong Gold, Skeleton, Murchison and other projects. the Company has two reportable segments, which are exploration activities in Australia and exploration activities in Uganda.

Sipa Resources (Sipa Resources) Headlines

From GuruFocus

Sipa Resources Ltd at NWR Communications Virtual Resources Conference Transcript

By GuruFocus Research • 03-29-2024