K92 Mining (TSX:KNT) Interest Expense : C$-4.5 Mil (TTM As of Dec. 2023)

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What is K92 Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. K92 Mining's interest expense for the three months ended in Dec. 2023 was C$ -1.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-4.5 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. K92 Mining's Operating Income for the three months ended in Dec. 2023 was C$ 42.7 Mil. K92 Mining's Interest Expense for the three months ended in Dec. 2023 was C$ -1.1 Mil. K92 Mining's Interest Coverage for the quarter that ended in Dec. 2023 was 37.36. 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.

K92 Mining Interest Expense Historical Data

The historical data trend for K92 Mining'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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K92 Mining Interest Expense Chart

K92 Mining Annual Data

Trend

Aug14

Aug15

Aug16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.46

-3.03

-2.09

-4.37

-4.44

K92 Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.39	-1.20	-1.08	-1.05	-1.14

K92 Mining 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-4.5 Mil.

K92 Mining (TSX:KNT) 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.

K92 Mining's Interest Expense for the three months ended in Dec. 2023 was C$-1.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$42.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.8 Mil.

K92 Mining's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	42.663	/	-1.142
	=	37.36

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

K92 Mining (TSX:KNT) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » K92 Mining Inc (TSX:KNT) » Definitions » Interest Expense

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KNTNF:USA 92K:Germany

Address

1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7

Website

https://www.k92mining.com

K92 Mining Inc is engaged in the exploration, development and mining of mineral deposits in Papua New Guinea, specifically the Kainantu Project.

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