Ivanhoe Mines (TSX:IVN) Interest Expense : C$25.65 Mil (TTM As of Mar. 2024)

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What is Ivanhoe Mines Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ivanhoe Mines's interest expense for the three months ended in Mar. 2024 was C$ -12.11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$25.65 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. Ivanhoe Mines's Operating Income for the three months ended in Mar. 2024 was C$ -33.12 Mil. Ivanhoe Mines's Interest Expense for the three months ended in Mar. 2024 was C$ -12.11 Mil. Ivanhoe Mines 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.

Ivanhoe Mines Interest Expense Historical Data

The historical data trend for Ivanhoe Mines'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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Ivanhoe Mines Interest Expense Chart

Ivanhoe Mines Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-0.37

-2.18

-42.10

-23.51

10.81

Ivanhoe Mines 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															-14.32	5.58	-11.84	44.02	-12.11

Ivanhoe Mines 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$25.65 Mil.

Ivanhoe Mines (TSX:IVN) 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.

Ivanhoe Mines's Interest Expense for the three months ended in Mar. 2024 was C$-12.11 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-33.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$90.84 Mil.

Ivanhoe Mines's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Ivanhoe Mines did not have earnings to cover the interest expense.

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

Ivanhoe Mines (TSX:IVN) Business Description

Industry

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Traded in Other Exchanges

IVPAF:USA IYAA:Germany

Address

999 Canada Place, Suite 606, Vancouver, BC, CAN, V6C 3E1

Website

https://www.ivanhoemines.com

Ivanhoe Mines Ltd is a diversified mining company focused on advancing its three principal projects in Southern Africa; the expansion of the Kamoa-Kakula Copper Complex in the DRC, the construction of the tier-one Platreef palladium-rhodium-platinum-nickel-copper-gold project in South Africa; and the restart of the historic ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC. It is also exploring for new copper discoveries across its circa 2,400km2 of 90-100% owned exploration licences in the Western Foreland, located adjacent to the Kamoa-Kakula Copper Complex.

Executives

Stephen Ralph Amos

Senior Officer

Ivanhoe Mines (TSX:IVN) Headlines

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