Avesoro Resources (STU:AR31) Interest Expense : €-13.8 Mil (TTM As of Sep. 2019)

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What is Avesoro Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avesoro Resources's interest expense for the three months ended in Sep. 2019 was € -3.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2019 was €-13.8 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. Avesoro Resources's Operating Income for the three months ended in Sep. 2019 was € -8.6 Mil. Avesoro Resources's Interest Expense for the three months ended in Sep. 2019 was € -3.0 Mil. Avesoro Resources 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.

Avesoro Resources Interest Expense Historical Data

The historical data trend for Avesoro 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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Avesoro Resources Interest Expense Chart

Avesoro Resources Annual Data

Trend

Dec11

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Dec13

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Dec18

Interest Expense

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-8.13

-9.98

-13.63

Avesoro Resources Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Interest Expense	Get a 7-Day Free Trial															-2.72	-4.53	-3.21	-3.07	-2.95

Avesoro 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 Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was €-13.8 Mil.

Avesoro Resources (STU:AR31) 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.

Avesoro Resources's Interest Expense for the three months ended in Sep. 2019 was €-3.0 Mil. Its Operating Income for the three months ended in Sep. 2019 was €-8.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2019 was €117.6 Mil.

Avesoro Resources's Interest Coverage for the quarter that ended in Sep. 2019 is calculated as

Avesoro Resources did not have earnings to cover the interest expense.

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

Avesoro Resources (STU:AR31) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avesoro Resources Inc (STU:AR31) » Definitions » Interest Expense

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Address

200 Bay Street, Royal Bank Plaza, Suite 3800, South Tower, Toronto, ON, CAN, M5J 2Z4

Website

www.avesoro.com

Avesoro Resources Inc is engaged in the exploration and development of gold assets in West Africa, specifically the New Liberty Gold Mine in Liberia. Commercial production at New Liberty. The company's exploration assets are The New Liberty Gold Mine and Ndablama Gold Project located in Liberia, the Youga and Balogo Gold Mines located in Burkina Faso. The operating segments of the company include New Liberty operations, Liberia exploration, Cameroon exploration, and Corporate.

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