Allied Gold (TSX:AAUC) Interest Expense : C$-9.5 Mil (TTM As of Mar. 2024)

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What is Allied Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Allied Gold's interest expense for the three months ended in Mar. 2024 was C$ -3.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-9.5 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. Allied Gold's Operating Income for the three months ended in Mar. 2024 was C$ 31.8 Mil. Allied Gold's Interest Expense for the three months ended in Mar. 2024 was C$ -3.6 Mil. Allied Gold's Interest Coverage for the quarter that ended in Mar. 2024 was 8.93. 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.

Allied Gold Interest Expense Historical Data

The historical data trend for Allied Gold'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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Allied Gold Interest Expense Chart

Allied Gold Annual Data

Trend

Dec22

Dec23

Interest Expense

-14.05

-11.31

Allied Gold Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial			-3.03	-2.91	-2.71	-3.23	-3.56

Allied Gold 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-9.5 Mil.

Allied Gold (TSX:AAUC) 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.

Allied Gold's Interest Expense for the three months ended in Mar. 2024 was C$-3.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$31.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.0 Mil.

Allied Gold's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	31.753	/	-3.556
	=	8.93

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

Allied Gold (TSX:AAUC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Allied Gold Corp (TSX:AAUC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AAUCF:USA

Address

40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Pacific Centre, Toronto, ON, CAN, M5H 0B4

Website

Allied Gold Corp is a company focused on gold mining asset transformation in Africa. Allied has three mines and several development and exploration projects in Africa where it has significant operating experience. Operations are located in Cote d'Ivoire, Mali, Ethiopia and Egypt. The company aspires to become a mid-tier next-generation gold producer in Africa.

Executives

Gerardo Fernandez-tobar

Senior Officer

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