PolyMet Mining (TSX:POM) Interest Expense : C$-13.04 Mil (TTM As of Jun. 2023)

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What is PolyMet Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PolyMet Mining's interest expense for the three months ended in Jun. 2023 was C$ -0.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was C$-13.04 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. PolyMet Mining's Operating Income for the three months ended in Jun. 2023 was C$ -6.74 Mil. PolyMet Mining's Interest Expense for the three months ended in Jun. 2023 was C$ -0.10 Mil. PolyMet Mining 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.

PolyMet Mining Interest Expense Historical Data

The historical data trend for PolyMet 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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PolyMet Mining Interest Expense Chart

PolyMet Mining Annual Data

Trend

Jan13

Jan14

Jan15

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Jan17

Dec18

Dec19

Dec20

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Dec22

Interest Expense

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-1.15

-0.21

-2.51

-4.73

-14.34

PolyMet Mining Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Expense	Get a 7-Day Free Trial															-3.20	-3.73	-4.40	-4.81	-0.10

PolyMet 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-13.04 Mil.

PolyMet Mining (TSX:POM) 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.

PolyMet Mining's Interest Expense for the three months ended in Jun. 2023 was C$-0.10 Mil. Its Operating Income for the three months ended in Jun. 2023 was C$-6.74 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2023 was C$0.10 Mil.

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

PolyMet Mining did not have earnings to cover the interest expense.

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

PolyMet Mining (TSX:POM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PolyMet Mining Corp (TSX:POM) » Definitions » Interest Expense

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Address

444 Cedar Street, Suite 2060, St. Paul, MN, USA, 55101

Website

https://www.polymetmining.com

PolyMet Mining Corp is engaged in the exploration and development of natural resource properties. The company's primary mineral property is the NorthMet Project, which is a polymetallic project in northeastern Minnesota, USA. The NorthMet Project comprises two key elements: the NorthMet deposit (or Mine Site) and the Erie Plant. The company ultimately plans to produce metals such as copper, nickel, cobalt, gold, silver, and platinum.