Metro Mining (ASX:MMI) Interest Expense : A$-12.8 Mil (TTM As of Dec. 2023)

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What is Metro Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Metro Mining's interest expense for the six months ended in Dec. 2023 was A$ -3.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-12.8 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. Metro Mining's Operating Income for the six months ended in Dec. 2023 was A$ 13.2 Mil. Metro Mining's Interest Expense for the six months ended in Dec. 2023 was A$ -3.9 Mil. Metro Mining's Interest Coverage for the quarter that ended in Dec. 2023 was 3.39. 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.

Metro Mining Interest Expense Historical Data

The historical data trend for Metro Mining'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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Metro Mining Interest Expense Chart

Metro Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7.22

-4.65

-4.85

-10.96

-12.79

Metro Mining 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															-1.51	-4.23	-6.73	-8.90	-3.88

Metro Mining 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$-12.8 Mil.

Metro Mining (ASX:MMI) 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.

Metro Mining's Interest Expense for the six months ended in Dec. 2023 was A$-3.9 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$13.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$55.3 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	13.177	/	-3.884
	=	3.39

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Metro Mining Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Metro Mining (ASX:MMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metro Mining Ltd (ASX:MMI) » Definitions » Interest Expense

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Traded in Other Exchanges

6ME:Germany

Address

247 Adelaide Street, Level 2, Brisbane, QLD, AUS, 4000

Website

https://www.metromining.com.au

Metro Mining Ltd operates as an exploration and mining company. The company explores coal and bauxite. Its flagship project is the Bauxite Hills Mine project located to the north of Weipa on Western Cape York in Queensland and the Bundi project and the Columboola project.