Red Mountain Mining (ASX:RMX) Interest Expense : A$-0.01 Mil (TTM As of Dec. 2023)

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What is Red Mountain Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Red Mountain Mining's interest expense for the six months ended in Dec. 2023 was A$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.01 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. Red Mountain Mining's Operating Income for the six months ended in Dec. 2023 was A$ -0.82 Mil. Red Mountain Mining's Interest Expense for the six months ended in Dec. 2023 was A$ -0.01 Mil. Red Mountain Mining 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.

Red Mountain Mining Interest Expense Historical Data

The historical data trend for Red Mountain 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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Red Mountain Mining Interest Expense Chart

Red Mountain Mining Annual Data

Trend

Jun14

Jun15

Jun16

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Jun18

Jun19

Jun20

Jun21

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Jun23

Interest Expense

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-0.03

-0.01

Red Mountain 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															-0.01	-	-	-0.01	-0.01

Red Mountain 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$-0.01 Mil.

Red Mountain Mining (ASX:RMX) 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.

Red Mountain Mining's Interest Expense for the six months ended in Dec. 2023 was A$-0.01 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-0.82 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.07 Mil.

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

Red Mountain Mining did not have earnings to cover the interest expense.

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

Red Mountain Mining (ASX:RMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Mountain Mining Ltd (ASX:RMX) » Definitions » Interest Expense

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RM0:Germany

Address

23 Railway Road, Suite 11, Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.redmountainmining.com.au

Red Mountain Mining Ltd is a mineral exploration company. The company operates only in one reportable segment being Mineral Exploration. The company project in the USA includes Lithic and Mustang Projects, and in Australia includes Monjebup REEs Project, Koonenberry Gold, and Mt Mansbridge HREEs.

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