Fortress Minerals (SGX:OAJ) Interest Expense : S$-1.46 Mil (TTM As of Aug. 2023)

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What is Fortress Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fortress Minerals's interest expense for the three months ended in Aug. 2023 was S$ -0.36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2023 was S$-1.46 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. Fortress Minerals's Operating Income for the three months ended in Aug. 2023 was S$ 8.39 Mil. Fortress Minerals's Interest Expense for the three months ended in Aug. 2023 was S$ -0.36 Mil. Fortress Minerals's Interest Coverage for the quarter that ended in Aug. 2023 was 23.49. 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.

Fortress Minerals Interest Expense Historical Data

The historical data trend for Fortress 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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Fortress Minerals Interest Expense Chart

Fortress Minerals Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Interest Expense

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-0.01

-0.06

-0.08

-1.06

-1.35

Fortress Minerals Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Interest Expense	Get a 7-Day Free Trial															-0.34	-0.37	-0.37	-0.36	-0.36

Fortress 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 Aug. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was S$-1.46 Mil.

Fortress Minerals (SGX:OAJ) 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.

Fortress Minerals's Interest Expense for the three months ended in Aug. 2023 was S$-0.36 Mil. Its Operating Income for the three months ended in Aug. 2023 was S$8.39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2023 was S$6.98 Mil.

Fortress Minerals's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Aug. 2023 )	/	Interest Expense (Q: Aug. 2023 )
	=	-1	*	8.387	/	-0.357
	=	23.49

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

Fortress Minerals (SGX:OAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fortress Minerals Ltd (SGX:OAJ) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

9-1, Jalan PJS 8/18, Dataran Mentari, Petaling Jaya, SGR, MYS, 46150

Website

https://www.fortress.sg

Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in exploration, mining, production, and sale of iron ore with low level of impurities. It mines the iron ore from its East, Valley and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from sale of iron ore.

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