Lucara Diamond (TSX:LUC) Interest Expense : C$-6.1 Mil (TTM As of Dec. 2023)

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What is Lucara Diamond Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lucara Diamond's interest expense for the three months ended in Dec. 2023 was C$ -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-6.1 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. Lucara Diamond's Operating Income for the three months ended in Dec. 2023 was C$ -3.3 Mil. Lucara Diamond's Interest Expense for the three months ended in Dec. 2023 was C$ -1.4 Mil. Lucara Diamond did not have earnings to cover the interest expense. 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.

Lucara Diamond Interest Expense Historical Data

The historical data trend for Lucara 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.

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Lucara Diamond Interest Expense Chart

Lucara Diamond Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.11

-3.19

-4.74

-5.01

-6.05

Lucara Diamond 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															-1.66	-1.65	-1.36	-1.65	-1.42

Lucara 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-6.1 Mil.

Lucara Diamond (TSX:LUC) 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.

Lucara Diamond's Interest Expense for the three months ended in Dec. 2023 was C$-1.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-3.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$136.2 Mil.

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

Lucara Diamond did not have earnings to cover the interest expense.

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

Lucara Diamond (TSX:LUC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lucara Diamond Corp (TSX:LUC) » Definitions » Interest Expense

Comparable Companies

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LUCRF:USA LUC:Sweden LKT:Germany LUC:Botswana

Address

1250 Homer Street, 502, Vancouver, BC, CAN, V6B 2Y5

Website

http://www.lucaradiamond.com

Lucara Diamond Corp is a diamond mining company engaged in the development and operations of diamond properties in Africa. Its business segment includes Karowe Mine, Corporate and other. The company earns the majority of its revenue from the Karowe Mine segment.

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