Forrestania Resources (ASX:FRS) Interest Expense : A$-0.00 Mil (TTM As of Dec. 2023)

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What is Forrestania Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Forrestania Resources's interest expense for the six months ended in Dec. 2023 was A$ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.00 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. Forrestania Resources's Operating Income for the six months ended in Dec. 2023 was A$ -3.35 Mil. Forrestania Resources's Interest Expense for the six months ended in Dec. 2023 was A$ -0.00 Mil. Forrestania Resources 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.

Forrestania Resources Interest Expense Historical Data

The historical data trend for Forrestania Resources'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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Forrestania Resources Interest Expense Chart

Forrestania Resources Annual Data

Trend

Jun22

Jun23

Interest Expense

Forrestania Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	-	-	-	-	-

Forrestania Resources 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 semi-annually data reported by the company within the most recent 12 months, which was A$-0.00 Mil.

Forrestania Resources (ASX:FRS) 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.

Forrestania Resources's Interest Expense for the six months ended in Dec. 2023 was A$-0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-3.35 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

Forrestania Resources did not have earnings to cover the interest expense.

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

Forrestania Resources (ASX:FRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forrestania Resources Ltd (ASX:FRS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

38 Colin Street, Suite 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.forrestaniaresources.com.au

Forrestania Resources Ltd is a mineral exploration and development company. It explores gold, lithium, and other minerals. Its projects include the Forrestania project; Southern Cross Project and Leonora. Leonora's project includes soil sampling programs at bounty east and great southern.

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