Turquoise Hill Resources (STU:IHM1) Interest Expense : €-4 Mil (TTM As of Sep. 2022)

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What is Turquoise Hill Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Turquoise Hill Resources's interest expense for the three months ended in Sep. 2022 was € -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was €-4 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. Turquoise Hill Resources's Operating Income for the three months ended in Sep. 2022 was € 48 Mil. Turquoise Hill Resources's Interest Expense for the three months ended in Sep. 2022 was € -2 Mil. Turquoise Hill Resources's Interest Coverage for the quarter that ended in Sep. 2022 was 23.59. 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.

Turquoise Hill Resources Interest Expense Historical Data

The historical data trend for Turquoise Hill 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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Turquoise Hill Resources Interest Expense Chart

Turquoise Hill Resources Annual Data

Trend

Dec12

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Dec17

Dec18

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Dec21

Interest Expense

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-125.48

-41.68

-4.19

-1.90

-1.97

Turquoise Hill Resources Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial															-0.44	-0.67	-0.57	-0.90	-2.02

Turquoise Hill 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was €-4 Mil.

Turquoise Hill Resources (STU:IHM1) 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.

Turquoise Hill Resources's Interest Expense for the three months ended in Sep. 2022 was €-2 Mil. Its Operating Income for the three months ended in Sep. 2022 was €48 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was €3,467 Mil.

Turquoise Hill Resources's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2022 )	/	Interest Expense (Q: Sep. 2022 )
	=	-1	*	47.634	/	-2.019
	=	23.59

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

Turquoise Hill Resources (STU:IHM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Turquoise Hill Resources Ltd (STU:IHM1) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Place Ville-Marie, Suite 3680, Montreal, QC, CAN, H3B 3P2

Website

https://www.turquoisehill.com

Turquoise Hill Resources Ltd is a global mining company that primarily mines copper, gold, and coal in the Asia-Pacific region. The company holds a 66% interest in Oyu Tolgoi, one of the world's largest copper-gold-silver mines, which ships concentrate to customers in China. Oyu Tolgoi is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border.

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