Allkem (TSX:AKE) Interest Expense : C$-25 Mil (TTM As of Jun. 2023)

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What is Allkem Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Allkem's interest expense for the six months ended in Jun. 2023 was C$ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was C$-25 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. Allkem's Operating Income for the six months ended in Jun. 2023 was C$ 622 Mil. Allkem's Interest Expense for the six months ended in Jun. 2023 was C$ -14 Mil. Allkem's Interest Coverage for the quarter that ended in Jun. 2023 was 45.42. 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.

Allkem Interest Expense Historical Data

The historical data trend for Allkem'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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Allkem Interest Expense Chart

Allkem Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-9.53

-23.72

-24.99

-19.69

-24.55

Allkem Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-9.54	-12.34	-7.34	-11.09	-13.70

Allkem 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$-25 Mil.

Allkem (TSX:AKE) 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.

Allkem's Interest Expense for the six months ended in Jun. 2023 was C$-14 Mil. Its Operating Income for the six months ended in Jun. 2023 was C$622 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was C$361 Mil.

Allkem's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	622.151	/	-13.697
	=	45.42

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

Allkem (TSX:AKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Allkem Ltd (TSX:AKE) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

71 Eagle Street, Level 35, Riparian Plaza, Brisbane, QLD, AUS, 4000

Website

https://www.orocobre.com

Allkem Ltd formerly Orocobre Ltd is an industrial chemical and mineral exploration company. It explores and develops lithium, potash, and salar mineral deposits. The company's segments are Corporate, Borax, Olaroz, Mt Cattlin, James Bay, and Sal De Vida projects. The majority of the company's revenue is derived from the Mt Cattlin segment. Its products are classified into minerals, refined products and boric acid used in various markets from agriculture, ceramics, glass, gold assay and smelting fluxes, wood protection, and a variety of specialty applications. The Group operates in Argentina and Australia.

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