Norseman Gold (LSE:NGL) Interest Expense : £-4.04 Mil (TTM As of Jun. 2014)

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What is Norseman Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Norseman Gold's interest expense for the six months ended in Jun. 2014 was £ -4.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2014 was £-4.04 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. Norseman Gold's Operating Income for the six months ended in Jun. 2014 was £ -3.97 Mil. Norseman Gold's Interest Expense for the six months ended in Jun. 2014 was £ -4.04 Mil. Norseman Gold 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.

Norseman Gold Interest Expense Historical Data

The historical data trend for Norseman Gold'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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Norseman Gold Interest Expense Chart

Norseman Gold Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Interest Expense

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-0.99

-3.47

-4.04

Norseman Gold Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
Interest Expense	Get a 7-Day Free Trial			-	-	-0.99	-3.47	-4.04

Norseman Gold 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 Jun. 2014 was £-4.04 Mil.

Norseman Gold (LSE:NGL) 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.

Norseman Gold's Interest Expense for the six months ended in Jun. 2014 was £-4.04 Mil. Its Operating Income for the six months ended in Jun. 2014 was £-3.97 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2014 was £0.00 Mil.

Norseman Gold's Interest Coverage for the quarter that ended in Jun. 2014 is calculated as

Norseman Gold did not have earnings to cover the interest expense.

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

Norseman Gold (LSE:NGL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norseman Gold PLC (LSE:NGL) » Definitions » Interest Expense

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Website

http://www.norsemangoldplc.com

Norseman Gold PLC is engaged in the production, exploration, evaluation and development of mineral resources. It is involved in the operation of Central Norseman Gold Corporation Ltd (the Norseman Project). The Norseman Project is located adjacent to the Norseman township, approximately 725 kilometres east of Perth, Western Australia. Current operations source ore from the Bullen underground mine and the Harlequin underground mine using underground mining methods of airleg up dip room and pillar stoping and long-hole stoping.