Sierra Rutile Holdings (ASX:SRX) Interest Expense : A$ Mil (TTM As of Dec. 2023)

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What is Sierra Rutile Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sierra Rutile Holdings's interest expense for the six months ended in Dec. 2023 was A$ -3.5 Mil. Sierra Rutile Holdings does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Dec. 2023.

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. Sierra Rutile Holdings's Operating Income for the six months ended in Dec. 2023 was A$ 25.5 Mil. Sierra Rutile Holdings's Interest Expense for the six months ended in Dec. 2023 was A$ -3.5 Mil. Sierra Rutile Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 7.28. 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.

Sierra Rutile Holdings Interest Expense Historical Data

The historical data trend for Sierra Rutile Holdings'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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Sierra Rutile Holdings Interest Expense Chart

Sierra Rutile Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-2.68

-3.37

Sierra Rutile Holdings Semi-Annual Data
	Dec22	Jun23	Dec23
Interest Expense	-	0.14	-3.51

Sierra Rutile Holdings Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Sierra Rutile Holdings (ASX:SRX) 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.

Sierra Rutile Holdings's Interest Expense for the six months ended in Dec. 2023 was A$-3.5 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$25.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.0 Mil.

Sierra Rutile Holdings'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	*	25.547	/	-3.511
	=	7.28

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

Sierra Rutile Holdings (ASX:SRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sierra Rutile Holdings Ltd (ASX:SRX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SRRHF:USA

Address

225 Saint Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.sierra-rutile.com

Sierra Rutile Holdings Ltd is a multi-mine operation straddling the Bonthe and Moyamba districts in southern Sierra Leone. It offers Titanium Dioxide Feedstocks, Standard Grade Rutile (SGR). Industrial Grade Rutile (IGR), High-grade ilmenite, and Zircon-in-concentrate (ZIC). Sierra Rutile's primary products serve end-use applications namely Pigment; Metal; and Welding end-use applications.

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