Asante Gold (XGHA:ASG) Interest Expense : GHS-348 Mil (TTM As of Apr. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Asante Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asante Gold's interest expense for the three months ended in Apr. 2024 was GHS -109 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2024 was GHS-348 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. Asante Gold's Operating Income for the three months ended in Apr. 2024 was GHS -155 Mil. Asante Gold's Interest Expense for the three months ended in Apr. 2024 was GHS -109 Mil. Asante Gold 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.

Asante Gold Interest Expense Historical Data

The historical data trend for Asante 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.

* Premium members only.

Asante Gold Interest Expense Chart

Asante Gold Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

Get a 7-Day Free Trial

-1.35

-108.90

-348.09

Asante Gold Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Interest Expense	Get a 7-Day Free Trial															-114.59	-95.07	-75.09	-69.56	-108.71

Asante 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 Apr. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was GHS-348 Mil.

Asante Gold (XGHA:ASG) 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.

Asante Gold's Interest Expense for the three months ended in Apr. 2024 was GHS-109 Mil. Its Operating Income for the three months ended in Apr. 2024 was GHS-155 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Apr. 2024 was GHS44 Mil.

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

Asante Gold did not have earnings to cover the interest expense.

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

Asante Gold (XGHA:ASG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asante Gold Corp (XGHA:ASG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ASGOF:USA 1A9:Germany ASE:Canada

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.asantegold.com

Asante Gold Corp is an exploration stage company. It plans to capitalize on the gold-rich and growing mining environment by continuing to build assets through exploration, development, and acquisitions. The company is involved in the exploration and evaluation of mineral properties in Ghana, West Africa. The group portfolio consists of various projects namely Fahiakoba, Betanase, Keyhole, and Kubi and it generally explores gold deposits. The company has also acquired the Bibiani gold mine from Resolute Mining.