SWYDF (Stornoway Diamond) Interest Expense: $-29.0 Mil (TTM As of Jun. 2019)


What is Stornoway Diamond Interest Expense?

Stornoway Diamond SWYDF Interest Expense is $-29.0 Mil as of Jun. 2019.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Stornoway Diamond's interest expense for the three months ended in Jun. 2019 was $ -7.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2019 was $-29.0 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. Stornoway Diamond's Operating Income for the three months ended in Jun. 2019 was $ 80.3 Mil. Stornoway Diamond's Interest Expense for the three months ended in Jun. 2019 was $ -7.5 Mil. Stornoway Diamond's Interest Coverage for the quarter that ended in Jun. 2019 was 10.75. 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.

Stornoway Diamond  (OTCPK:SWYDF) 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.

Stornoway Diamond's Interest Expense for the three months ended in Jun. 2019 was $-7.5 Mil. Its Operating Income for the three months ended in Jun. 2019 was $80.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2019 was $218.2 Mil.

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

Interest Coverage=-1* Operating Income (Q: Jun. 2019 )/Interest Expense (Q: Jun. 2019 )
=-1*80.31/-7.468
=10.75

* 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.

Stornoway Diamond Interest Expense Historical Data

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The historical data trend for Stornoway Diamond'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.

Stornoway Diamond Interest Expense Chart

Stornoway Diamond Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Dec16 Dec17 Dec18
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -5.07 -5.72 -22.23 -27.16

Stornoway Diamond Quarterly Data
Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 -6.57 -6.73 -7.99 -6.82 -7.47

Stornoway Diamond 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 quarterly data reported by the company within the most recent 12 months, which was $-29.0 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 $-29.0 Mil mean?
Stornoway Diamond (SWYDF) has a Interest Expense of $-29.0 Mil as of Jun. 2019. Interest Expense is the amount a company pays on its long-term debt. View historical data on Stornoway Diamond and its competitors.
Is Stornoway Diamond's Interest Expense too high?
Stornoway Diamond's current Interest Expense is $-29.0 Mil.
How does Stornoway Diamond's Interest Expense compare to DYNR and CTDT?
Stornoway Diamond's Interest Expense of $-29.0 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 Stornoway Diamond and its competitors. Stornoway Diamond's current Interest Expense is $-29.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stornoway Diamond stock overvalued right now?
Stornoway Diamond (SWYDF) has a current Interest Expense of $-29.0 Mil. The current Interest Expense is $-29.0 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 Stornoway Diamond (SWYDF), the current Interest Expense is $-29.0 Mil as of Jun. 2019. 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.

Stornoway Diamond Business Description

Address 1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4
Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.