Searchlight Minerals (Searchlight Minerals) Interest Expense : $-1.02 Mil (TTM As of Sep. 2016)

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What is Searchlight Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Searchlight Minerals's interest expense for the three months ended in Sep. 2016 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2016 was $-1.02 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. Searchlight Minerals's Operating Income for the three months ended in Sep. 2016 was $ -1.17 Mil. Searchlight Minerals's Interest Expense for the three months ended in Sep. 2016 was $ 0.00 Mil. Searchlight Minerals 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.

Searchlight Minerals Interest Expense Historical Data

The historical data trend for Searchlight 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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Searchlight Minerals Interest Expense Chart

Searchlight Minerals Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Interest Expense

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-0.15

-0.53

-0.55

Searchlight Minerals Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Interest Expense	Get a 7-Day Free Trial															-0.14	-0.14	-0.70	-0.19	-

Searchlight 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.02 Mil.

Searchlight Minerals (OTCPK:SRCH) 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.

Searchlight Minerals's Interest Expense for the three months ended in Sep. 2016 was $0.00 Mil. Its Operating Income for the three months ended in Sep. 2016 was $-1.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2016 was $0.00 Mil.

Searchlight Minerals's Interest Coverage for the quarter that ended in Sep. 2016 is calculated as

Searchlight Minerals had no long-term debt ⁽¹⁾.

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

Searchlight Minerals (Searchlight Minerals) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2360 West Horizon Ridge Parkway, Suite 100, Henderson, NV, USA, 89052

Website

https://www.searchlightminerals.com

Searchlight Minerals Corp is a exploration-stage company. It is engaged in the slag reprocessing project and the acquisition and exploration of mineral properties at the Clarkdale Slag Project. The Clarkdale Slag Project located in Arizona is a reclamation project to recover precious and base metals from the reprocessing of slag produced from the smelting of copper ore mined at the United Verde Copper Mine in Arizona.

Executives

Luxor Capital Group, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Lcg Holdings Llc	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Luxor Capital Partners Offshore Ltd	10 percent owner	C/O MAPLES CORPORATE SERVICES LTD., PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Luxor Wavefront, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Luxor Capital Partners, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Thebes Partners, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
John Edward Mack	director	P.O.BOX 1575, BRECKENRIDGE CO 80424
Thebes Partners Offshore, Ltd.	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Thebes Offshore Master Fund, Lp	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Luxor Spectrum Offshore Ltd	10 percent owner	C/O MAPLES CORPORATE SERVICES LTD, P.O. BOX 309 GT, GEORGE TOWN E9 KY1-1104
Luxor Spectrum Llc	10 percent owner	1114 AVENUE OF THE AMERICAS, 29TH FLOOR, NEW YORK NY 10036
Ian R Mcneil	director, officer: CEO	3500 LAKESIDE COURT, SUITE 206, RENO NV 89509

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