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


What is Searchlight Minerals Interest Expense?

Searchlight Minerals SRCH +3.69% Interest Expense is $-1.02 Mil as of Sep. 2016.

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  (OTCPK:SRCH) Interest Expense Explanation

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. The higher, the better.

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).

* 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.

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

Searchlight Minerals Interest Expense Historical Data

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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.

Searchlight Minerals Interest Expense Chart

Searchlight Minerals Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.00 0.00 -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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.14 -0.14 -0.70 -0.19 0.00

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.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-1.02 Mil mean?
Searchlight Minerals (SRCH) has a Interest Expense of $-1.02 Mil as of Sep. 2016. Interest Expense is the amount a company pays on its long-term debt. View historical data on Searchlight Minerals and its competitors.
Is Searchlight Minerals' Interest Expense too high?
Searchlight Minerals' current Interest Expense is $-1.02 Mil.
How does Searchlight Minerals' Interest Expense compare to WWR?
Searchlight Minerals' Interest Expense of $-1.02 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Metals & Mining company?
A good Interest Expense depends on the Metals & Mining industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Searchlight Minerals and its competitors. Searchlight Minerals's current Interest Expense is $-1.02 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Searchlight Minerals stock overvalued right now?
Searchlight Minerals (SRCH) has a current Interest Expense of $-1.02 Mil. The current Interest Expense is $-1.02 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Searchlight Minerals (SRCH), the current Interest Expense is $-1.02 Mil as of Sep. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Searchlight Minerals Business Description

Address 7582 Hawks Landing Drive, West Palm Beach, FL, USA, 33412
Searchlight Minerals Corp is an exploration stage company engaged in a slag reprocessing project and the acquisition and exploration of mineral properties. The Company is presently focused on the Clarkdale Slag Project, located in Clarkdale, Arizona, which 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 Jerome, Arizona.