Eco Oro Minerals (Eco Oro Minerals) Interest Expense : $-2.11 Mil (TTM As of Dec. 2023)

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What is Eco Oro Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Eco Oro Minerals's interest expense for the three months ended in Dec. 2023 was $ -0.61 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.11 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. Eco Oro Minerals's Operating Income for the three months ended in Dec. 2023 was $ 0.22 Mil. Eco Oro Minerals's Interest Expense for the three months ended in Dec. 2023 was $ -0.61 Mil. Eco Oro Minerals's Interest Coverage for the quarter that ended in Dec. 2023 was 0.36. 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.

Eco Oro Minerals Interest Expense Historical Data

The historical data trend for Eco Oro 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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Eco Oro Minerals Interest Expense Chart

Eco Oro Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-6.34

-1.02

-0.52

-1.41

-2.12

Eco Oro Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.40	-0.41	-0.45	-0.64	-0.61

Eco Oro 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.11 Mil.

Eco Oro Minerals (OTCPK:GYSLF) 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.

Eco Oro Minerals's Interest Expense for the three months ended in Dec. 2023 was $-0.61 Mil. Its Operating Income for the three months ended in Dec. 2023 was $0.22 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $9.30 Mil.

Eco Oro Minerals'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	*	0.22	/	-0.605
	=	0.36

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

Eco Oro Minerals (Eco Oro Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eco Oro Minerals Corp (OTCPK:GYSLF) » Definitions » Interest Expense

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Traded in Other Exchanges

GQQ:Germany EOM:Canada

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

http://www.eco-oro.com

Eco Oro Minerals Corp is a Canadian mining and exploration company. Its principal business activities include the acquisition, exploration, and development of mineral assets. The company focuses on the development of the Angostura Project in Northeastern Colombia which consists of the Angostura deposit. It has one reportable segment, being the evaluation and exploration of mineral exploration properties in one geographic region: Colombia.

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