Sylvania Platinum (STU:31L) Interest Expense : €-0.26 Mil (TTM As of Dec. 2023)

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What is Sylvania Platinum Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sylvania Platinum's interest expense for the six months ended in Dec. 2023 was € -0.22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-0.26 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. Sylvania Platinum's Operating Income for the six months ended in Dec. 2023 was € 4.61 Mil. Sylvania Platinum's Interest Expense for the six months ended in Dec. 2023 was € -0.22 Mil. Sylvania Platinum's Interest Coverage for the quarter that ended in Dec. 2023 was 20.94. 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.

Sylvania Platinum Interest Expense Historical Data

The historical data trend for Sylvania Platinum'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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Sylvania Platinum Interest Expense Chart

Sylvania Platinum Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.29

-0.27

-0.31

-0.43

-0.53

Sylvania Platinum Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.33	-0.08	-0.51	-0.04	-0.22

Sylvania Platinum 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 €-0.26 Mil.

Sylvania Platinum (STU:31L) 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.

Sylvania Platinum's Interest Expense for the six months ended in Dec. 2023 was €-0.22 Mil. Its Operating Income for the six months ended in Dec. 2023 was €4.61 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €0.25 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	4.607	/	-0.22
	=	20.94

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. Sylvania Platinum Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Sylvania Platinum (STU:31L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sylvania Platinum Ltd (STU:31L) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SAPLF:USA SLP:UK 31L:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://www.sylvaniaplatinum.com

Sylvania Platinum Ltd is a South Africa-based company engaged in producing platinum group metals (PGM's) such as platinum, palladium, and rhodium. The company's core business is the retreatment of PGM rich chrome tailings material. Its operating segment includes Sylvania Dump Operations (SDO) and Exploration. It generates maximum revenue from the Sylvania Dump Operations (SDO) segment. Geographically, it derives revenue from South Africa. It also holds prospecting and mining rights for several PGM projects on the Northern Limb of the Bushveld Igneous Complex.

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