China Gold International Resources (TSX:CGG) Interest Expense : C$-27.4 Mil (TTM As of Mar. 2024)

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What is China Gold International Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Gold International Resources's interest expense for the three months ended in Mar. 2024 was C$ -6.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-27.4 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. China Gold International Resources's Operating Income for the three months ended in Mar. 2024 was C$ -30.0 Mil. China Gold International Resources's Interest Expense for the three months ended in Mar. 2024 was C$ -6.7 Mil. China Gold International 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.

China Gold International Resources Interest Expense Historical Data

The historical data trend for China Gold International 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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China Gold International Resources Interest Expense Chart

China Gold International Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-53.09

-50.73

-39.20

-34.49

-28.43

China Gold International Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-7.85	-7.88	-6.50	-6.33	-6.71

China Gold International 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-27.4 Mil.

China Gold International Resources (TSX:CGG) 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.

China Gold International Resources's Interest Expense for the three months ended in Mar. 2024 was C$-6.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-30.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$893.4 Mil.

China Gold International Resources's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

China Gold International Resources did not have earnings to cover the interest expense.

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

China Gold International Resources (TSX:CGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Gold International Resources Corp Ltd (TSX:CGG) » Definitions » Interest Expense

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Traded in Other Exchanges

JINFF:USA 02099:Hong Kong JI3:Germany

Address

505 Burrard Street, Suite 660, One Bentall Centre, Vancouver, BC, CAN, V7X 1M4

Website

https://www.chinagoldintl.com

China Gold International Resources Corp Ltd is a company engaged in the acquisition, exploration, development, and mining of mineral reserves in China. The company primarily operates two mines in China: the CSH Mine which produces gold, and the Jiama Mine which produces gold and copper. While the majority of the company's revenue is derived from gold mining, a significant portion of sales still result from copper production. China National Gold Corporation, a state-owned company registered in Beijing, is a substantial shareholder of China Gold International Resources. The vast majority of the company's gold output is sold to China National Gold Corporation and its subsidiaries.

Executives

China National Gold Group Hong Kong Limited

10% Security Holder

China Gold International Resources (TSX:CGG) Headlines

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