Tolu Minerals (ASX:TOK) Interest Expense : A$-0.38 Mil (TTM As of Dec. 2023)

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What is Tolu Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tolu Minerals's interest expense for the six months ended in Dec. 2023 was A$ -0.38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.38 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. Tolu Minerals's Operating Income for the six months ended in Dec. 2023 was A$ -4.65 Mil. Tolu Minerals's Interest Expense for the six months ended in Dec. 2023 was A$ -0.38 Mil. Tolu Minerals 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.

Tolu Minerals Interest Expense Historical Data

The historical data trend for Tolu 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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Tolu Minerals Interest Expense Chart

Tolu Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.08

-0.53

-0.38

Tolu Minerals Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Interest Expense	-	-0.08	-0.53	-0.38

Tolu Minerals Interest Expense Calculation

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

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.38 Mil.

Tolu Minerals (ASX:TOK) 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.

Tolu Minerals's Interest Expense for the six months ended in Dec. 2023 was A$-0.38 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-4.65 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$4.35 Mil.

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

Tolu Minerals did not have earnings to cover the interest expense.

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

Tolu Minerals (ASX:TOK) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 5, Ground Floor, Turumu Haus, Spring Garden, Gordons, Moresby North East, Port Moresby, PNG, 121

Website

https://www.toluminerals.com

Tolu Minerals Ltd is an emerging exploration company with rights to three significant gold and silver and copper resource opportunities in PNG. Its projects include the Tolukuma Gold Mine, the Tolukuma Gold Mine, and the Mt Penck Tenement.