Solis Minerals (ASX:SLM) Interest Expense : A$0.00 Mil (TTM As of Feb. 2024)

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What is Solis Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solis Minerals's interest expense for the three months ended in Feb. 2024 was A$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 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. Solis Minerals's Operating Income for the three months ended in Feb. 2024 was A$ -1.13 Mil. Solis Minerals's Interest Expense for the three months ended in Feb. 2024 was A$ 0.00 Mil. GuruFocus does not calculate Solis Minerals's interest coverage with the available data. 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.

Solis Minerals Interest Expense Historical Data

The historical data trend for Solis Minerals'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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Solis Minerals Interest Expense Chart

Solis Minerals Annual Data

Trend

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Interest Expense

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-0.03

-0.02

Solis Minerals Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Solis Minerals 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was A$0.00 Mil.

Solis Minerals (ASX:SLM) 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.

Solis Minerals's Interest Expense for the three months ended in Feb. 2024 was A$0.00 Mil. Its Operating Income for the three months ended in Feb. 2024 was A$-1.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was A$0.08 Mil.

Solis Minerals's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

GuruFocus does not calculate Solis Minerals's interest coverage with the available data.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Solis Minerals Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Solis Minerals (ASX:SLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Solis Minerals Ltd (ASX:SLM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SLMFF:USA 08W:Germany SLMN:Canada

Address

Unit 3, 32 Harrogate Street, West Leederville, Perth, WA, AUS, 6017

Website

https://solisminerals.com

Solis Minerals Ltd is a resource exploration company engaged in the acquisition, exploration, and development of mineral resource properties. The Company operates in a single reportable operating segment being the exploration and development of mineral properties. The company is focused on the acquisition of the Mostazal copper project located in Chile. It also holds an interest in Ilo Este and Ilo Norte Project in Peru.