Volcan Compania MineraA (LIM:VOLCABC1) Interest Expense : S/.-220 Mil (TTM As of Dec. 2023)

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What is Volcan Compania MineraA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Volcan Compania MineraA's interest expense for the three months ended in Dec. 2023 was S/. -65 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was S/.-220 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. Volcan Compania MineraA's Operating Income for the three months ended in Dec. 2023 was S/. 76 Mil. Volcan Compania MineraA's Interest Expense for the three months ended in Dec. 2023 was S/. -65 Mil. Volcan Compania MineraA's Interest Coverage for the quarter that ended in Dec. 2023 was 1.18. 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.

Volcan Compania MineraA Interest Expense Historical Data

The historical data trend for Volcan Compania MineraA'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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Volcan Compania MineraA Interest Expense Chart

Volcan Compania MineraA Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-181.19

-159.72

-226.32

-187.38

-219.46

Volcan Compania MineraA 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															-66.33	-47.51	-53.56	-54.72	-64.58

Volcan Compania MineraA 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 S/.-220 Mil.

Volcan Compania MineraA (LIM:VOLCABC1) 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.

Volcan Compania MineraA's Interest Expense for the three months ended in Dec. 2023 was S/.-65 Mil. Its Operating Income for the three months ended in Dec. 2023 was S/.76 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was S/.2,500 Mil.

Volcan Compania MineraA'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	*	76.393	/	-64.575
	=	1.18

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Volcan Compania Minera SAA interest coverage is 1.22, which is low.

Volcan Compania MineraA (LIM:VOLCABC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volcan Compania Minera SAA (LIM:VOLCABC1) » Definitions » Interest Expense

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VOLCAAC1:Peru XVOLB:Spain

Address

Avenida Manuel Olguin 373, Santiago de Surco, Lima, PER

Website

https://www.volcan.com.pe

Volcan Compania Minera SAA is a Peruvian mining company. All of its operations are located in the central mountains of the Peruvian Andes, which include operating units such as Yauli, Chungar, Alpamarca, and Cerro de Pasco. These four operating units include a total of 10 mines, seven concentrator plants, and an oxide leaching plant. Zinc constitutes the largest contribution to consolidated revenue, and with silver, makes up the vast majority of sales. In addition to the zinc and silver business, the company also mines lead, copper, and gold.

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