Heavy Rare Earths (ASX:HRE) Interest Expense : A$ Mil (TTM As of Dec. 2023)

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What is Heavy Rare Earths Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Heavy Rare Earths's interest expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Heavy Rare Earths does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2023.

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. Heavy Rare Earths's Operating Income for the six months ended in Dec. 2023 was A$ -0.49 Mil. Heavy Rare Earths's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Heavy Rare Earths has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Heavy Rare Earths Interest Expense Historical Data

The historical data trend for Heavy Rare Earths'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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Heavy Rare Earths Interest Expense Chart

Heavy Rare Earths Annual Data

Trend

Jun23

Interest Expense

Heavy Rare Earths Semi-Annual Data
	Jun22	Jun23	Dec23
Interest Expense	-	-	-

Heavy Rare Earths Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Heavy Rare Earths (ASX:HRE) 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.

Heavy Rare Earths's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-0.49 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

Heavy Rare Earths's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Heavy Rare Earths had no long-term debt ⁽¹⁾.

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

Good Sign:

Heavy Rare Earths Ltd has no debt.

Heavy Rare Earths (ASX:HRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heavy Rare Earths Ltd (ASX:HRE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.hreltd.com.au

Heavy Rare Earths Ltd is an Australian rare earth exploration company with projects in Western Australia and the Northern Territory. The firm's key exploration project is Cowalinya in Western Australia. This is a clay-hosted rare earth project. It holds interest in Duke rare earth project. Rare earth materials are used in a wide array of technology and future-facing applications, including smartphones, wind energy, and hybrid and electric vehicles.

Heavy Rare Earths (ASX:HRE) Headlines

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