Stanmore Resources (ASX:SMR) Interest Expense : A$-120 Mil (TTM As of Dec. 2023)

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What is Stanmore Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Stanmore Resources's interest expense for the six months ended in Dec. 2023 was A$ -64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-120 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. Stanmore Resources's Operating Income for the six months ended in Dec. 2023 was A$ -39 Mil. Stanmore Resources's Interest Expense for the six months ended in Dec. 2023 was A$ -64 Mil. Stanmore 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.

Stanmore Resources Interest Expense Historical Data

The historical data trend for Stanmore 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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Stanmore Resources Interest Expense Chart

Stanmore Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Interest Expense

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-10.19

-8.55

-17.23

-120.64

-119.67

Stanmore 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															-15.99	-35.58	-83.59	-55.43	-64.09

Stanmore 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$-120 Mil.

Stanmore Resources (ASX:SMR) 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.

Stanmore Resources's Interest Expense for the six months ended in Dec. 2023 was A$-64 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-39 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$753 Mil.

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

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

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

Stanmore Resources (ASX:SMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Stanmore Resources Ltd (ASX:SMR) » Definitions » Interest Expense

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STMRF:USA S0D:Germany

Address

12 Creek Street, Level 32, Brisbane, QLD, AUS, 4000

Website

https://www.stanmore.net.au

Stanmore Resources Ltd is an Australian resources company with operations and exploration projects in the Bowen and Surat Basins. Its foundation asset is the Isaac Plains Complex that comprises current open-cut operations at Isaac Plains East and the Isaac Downs Open Cut, as well as the Isaac Plains Underground development project.