MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Interest Expense : $-9.05 Mil (TTM As of Mar. 2021)

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What is MMX Mineracao E Metalicos Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MMX Mineracao E Metalicos's interest expense for the three months ended in Mar. 2021 was $ -0.86 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2021 was $-9.05 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. MMX Mineracao E Metalicos's Operating Income for the three months ended in Mar. 2021 was $ -0.41 Mil. MMX Mineracao E Metalicos's Interest Expense for the three months ended in Mar. 2021 was $ -0.86 Mil. MMX Mineracao E Metalicos 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.

MMX Mineracao E Metalicos Interest Expense Historical Data

The historical data trend for MMX Mineracao E Metalicos'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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MMX Mineracao E Metalicos Interest Expense Chart

MMX Mineracao E Metalicos Annual Data

Trend

Dec11

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Dec20

Interest Expense

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-23.87

-10.06

-17.73

-14.42

-6.25

MMX Mineracao E Metalicos Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Interest Expense	Get a 7-Day Free Trial															-2.78	-4.39	-3.19	-0.61	-0.86

MMX Mineracao E Metalicos 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 Mar. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.05 Mil.

MMX Mineracao E Metalicos (GREY:MMXXF) 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.

MMX Mineracao E Metalicos's Interest Expense for the three months ended in Mar. 2021 was $-0.86 Mil. Its Operating Income for the three months ended in Mar. 2021 was $-0.41 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2021 was $0.00 Mil.

MMX Mineracao E Metalicos's Interest Coverage for the quarter that ended in Mar. 2021 is calculated as

MMX Mineracao E Metalicos did not have earnings to cover the interest expense.

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

MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMX Mineracao E Metalicos SA (GREY:MMXXF) » Definitions » Interest Expense

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Address

Rua Lauro Muller, 116 sala 1808, Botafogo Rio de Janeiro, Rio de Janeiro, RJ, BRA, 22290-160

Website

http://www.mmx.com.br

MMX Mineracao E Metalicos SA (MMX) is a Brazil-based company engaged in iron ore mining. The company has installed capacity to produce about 7 million metric tons of iron ore per year in its two systems, namely The Southeast System and the Corumba System. The Southeast System is formed by the Serra Azul and Bom Sucesso Units. It exploits the Tico-Tico and Ipe mines, located in the Serra Azul Region-in the iron mining area of Minas Gerais State. The company has also acquired the mining rights for the Pau de Vinho Mine. The iron ore produced by the Serra Azul Unit is sold to customers in Brazil and other countries.

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