Sirius Minerals (Sirius Minerals) Interest Expense : $-2.53 Mil (TTM As of Jun. 2019)

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What is Sirius Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sirius Minerals's interest expense for the six months ended in Jun. 2019 was $ -0.76 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2019 was $-2.53 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. Sirius Minerals's Operating Income for the six months ended in Jun. 2019 was $ -16.48 Mil. Sirius Minerals's Interest Expense for the six months ended in Jun. 2019 was $ -0.76 Mil. Sirius Minerals did not have earnings to cover the interest expense. 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.

Sirius Minerals Interest Expense Historical Data

The historical data trend for Sirius 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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Sirius Minerals Interest Expense Chart

Sirius Minerals Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Dec16

Dec17

Dec18

Interest Expense

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-1.77

-0.53

-3.57

-6.17

-2.79

Sirius Minerals Semi-Annual Data
	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19
Interest Expense	Get a 7-Day Free Trial															-4.73	-1.21	-1.06	-1.77	-0.76

Sirius 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 Jun. 2019 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-2.53 Mil.

Sirius Minerals (OTCPK:SRUXY) 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.

Sirius Minerals's Interest Expense for the six months ended in Jun. 2019 was $-0.76 Mil. Its Operating Income for the six months ended in Jun. 2019 was $-16.48 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2019 was $11.15 Mil.

Sirius Minerals's Interest Coverage for the quarter that ended in Jun. 2019 is calculated as

Sirius Minerals did not have earnings to cover the interest expense.

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

Sirius Minerals (Sirius Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sirius Minerals PLC (OTCPK:SRUXY) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

68 Haymarket, Third Floor, Greener House, London, GBR, SW1Y 4RF

Website

http://www.siriusminerals.com

Sirius Minerals PLC is a producer of multi-nutrient fertilizers. The company is currently organized into one business division: the UK segment. Under its UK segment, the firm conducts North Yorkshire polyhalite project related activities and the corporate operations. POLY4 is the trademark name of all polyhalite products from the company. The company operates its business mainly in the United Kingdom.

Sirius Minerals (Sirius Minerals) Headlines

From GuruFocus

Sirius Minerals: Financing will be a serious challenge

By Bronte Capital Bronte Capital • 07-02-2015