Soma Gold (TSXV:SOMA) Interest Expense : C$-7.26 Mil (TTM As of Sep. 2024)

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What is Soma Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Soma Gold's interest expense for the three months ended in Sep. 2024 was C$ -1.94 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was C$-7.26 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. Soma Gold's Operating Income for the three months ended in Sep. 2024 was C$ 5.13 Mil. Soma Gold's Interest Expense for the three months ended in Sep. 2024 was C$ -1.94 Mil. Soma Gold's Interest Coverage for the quarter that ended in Sep. 2024 was 2.64. 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.

Soma Gold Interest Expense Historical Data

The historical data trend for Soma 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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Soma Gold Interest Expense Chart

Soma Gold Annual Data

Trend

Aug14

Aug15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.10

-2.95

-5.29

-4.95

-6.48

Soma Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-1.59	-1.74	-1.69	-1.89	-1.94

Soma 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-7.26 Mil.

Soma Gold (TSXV:SOMA) 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.

Soma Gold's Interest Expense for the three months ended in Sep. 2024 was C$-1.94 Mil. Its Operating Income for the three months ended in Sep. 2024 was C$5.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was C$30.95 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	5.134	/	-1.942
	=	2.64

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

Soma Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Soma Gold Corp (TSXV:SOMA) » Definitions » Interest Expense

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SMAGF:USA

Address

1050 West Pender Street, Suite 970, Vancouver, BC, CAN, V6E 3S7

Website

https://www.somagoldcorp.com

Soma Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. It operates El Bagre Gold Mining Complex. The El Bagre operations consist of a gold processing plant, the La Ye and Los Mangos operating underground gold mines, and the Cordero mine development project. The Company produces dore which contains both gold and silver. The dore is further processed to produce refined metals.

Executives

Jean-francois Meilleur	Senior Officer
Larry Elwood Timlick	Director
Glenn Howard Walsh	10% Security Holder, Director

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