Lotus Resources (ASX:LOT) Interest Expense : A$-1.54 Mil (TTM As of Dec. 2023)

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What is Lotus Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lotus Resources's interest expense for the six months ended in Dec. 2023 was A$ -0.68 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.54 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. Lotus Resources's Operating Income for the six months ended in Dec. 2023 was A$ -4.52 Mil. Lotus Resources's Interest Expense for the six months ended in Dec. 2023 was A$ -0.68 Mil. Lotus 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.

Lotus Resources Interest Expense Historical Data

The historical data trend for Lotus 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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Lotus Resources Interest Expense Chart

Lotus Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.02

-0.14

-1.58

Lotus Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-	-	-0.72	-0.86	-0.68

Lotus 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$-1.54 Mil.

Lotus Resources (ASX:LOT) 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.

Lotus Resources's Interest Expense for the six months ended in Dec. 2023 was A$-0.68 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-4.52 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

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

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

Lotus Resources (ASX:LOT) Business Description

Industry

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

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LTSRF:USA

Address

140 St Georges Terrace, Level 20, Perth, WA, AUS, 6000

Website

https://www.lotusresources.com.au

Lotus Resources Ltd is a mineral exploration company engaged in the development of interests in exploration and development projects in the resource industry in Australia and Malawi. Its operates in two geographical and business segments, that is Africa (Uranium) and Australia (Minerals). It holds an interest in the Kayelekera Uranium Project located in northern Malawi, 52km west (by road) of the provincial town of Karonga and 12km south of the main road that connects Karonga with the township of Chitipa to the west, and Hylea Cobalt Project is located over units of the western side of the Lachlan Orogen.

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