Gryphon Digital Mining (Gryphon Digital Mining) Interest Expense : $ Mil (TTM As of Dec. 2023)

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What is Gryphon Digital Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gryphon Digital Mining's interest expense for the six months ended in Dec. 2023 was $ -1.13 Mil. Gryphon Digital Mining 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. Gryphon Digital Mining's Operating Income for the six months ended in Dec. 2023 was $ -6.90 Mil. Gryphon Digital Mining's Interest Expense for the six months ended in Dec. 2023 was $ -1.13 Mil. Gryphon Digital 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.

Gryphon Digital Mining Interest Expense Historical Data

The historical data trend for Gryphon Digital 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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Gryphon Digital Mining Interest Expense Chart

Gryphon Digital Mining Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.77

-0.85

-1.13

Gryphon Digital Mining Semi-Annual Data
	Dec21	Dec22	Dec23
Interest Expense	-0.77	-0.85	-1.13

Gryphon Digital Mining Interest Expense Calculation

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

Gryphon Digital Mining (NAS:GRYP) 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.

Gryphon Digital Mining's Interest Expense for the six months ended in Dec. 2023 was $-1.13 Mil. Its Operating Income for the six months ended in Dec. 2023 was $-6.90 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $0.00 Mil.

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

Gryphon Digital Mining did not have earnings to cover the interest expense.

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

Gryphon Digital Mining (Gryphon Digital Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Gryphon Digital Mining Inc (NAS:GRYP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

5953 Mabel Road, Unit 138, Las Vegas, NV, USA, 89110

Website

https://gryphondigitalmining.com

Gryphon Digital Mining Inc is a Bitcoin mining company. Gryphon's mission is to create the world's leading net carbon-neutral Bitcoin miner. The Company will operate a digital asset, mining operation using specialized computers equipped with application-specific integrated circuit (ASIC) chips to solve complex cryptographic algorithms in support of the Bitcoin blockchain in exchange for cryptocurrency rewards (primarily Bitcoin).

Gryphon Digital Mining (Gryphon Digital Mining) Headlines

From GuruFocus

Gryphon Digital Mining Announces January Operational Update

By PRNewswire • 02-13-2024