Vast Resources (LSE:VAST) Interest Expense : £-1.86 Mil (TTM As of Oct. 2023)

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What is Vast Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vast Resources's interest expense for the six months ended in Oct. 2023 was £ -0.97 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was £-1.86 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. Vast Resources's Operating Income for the six months ended in Oct. 2023 was £ -3.02 Mil. Vast Resources's Interest Expense for the six months ended in Oct. 2023 was £ -0.97 Mil. Vast Resources 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.

Vast Resources Interest Expense Historical Data

The historical data trend for Vast Resources'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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Vast Resources Interest Expense Chart

Vast Resources Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Apr20

Apr21

Apr22

Apr23

Interest Expense

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-0.51

-0.89

-2.53

-1.92

-1.61

Vast Resources Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Interest Expense	Get a 7-Day Free Trial															-1.09	-0.77	-0.80	-0.88	-0.97

Vast Resources 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-1.86 Mil.

Vast Resources (LSE:VAST) 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.

Vast Resources's Interest Expense for the six months ended in Oct. 2023 was £-0.97 Mil. Its Operating Income for the six months ended in Oct. 2023 was £-3.02 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Oct. 2023 was £0.00 Mil.

Vast Resources's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Vast Resources did not have earnings to cover the interest expense.

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

Vast Resources (LSE:VAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vast Resources PLC (LSE:VAST) » Definitions » Interest Expense

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D9AA:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.vastplc.com

Vast Resources PLC is a resource development company producing copper concentrate, zinc concentrate and gold and silver concentrate from Manaila Polymetallic Mine based at Romania. It has interest in the underground mine, Baita Plai, which is a skarn deposit comprising veins in calcareous sediments in approximately eight distinct pipes. The geographical segments of the company includes Europe and Central Asia and Southern Africa.

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