GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Quantum Minerals Ltd (TSX:FM) » Definitions » Interest Expense

First Quantum Minerals (TSX:FM) Interest Expense : C$-901 Mil (TTM As of Mar. 2024)


View and export this data going back to 2000. Start your Free Trial

What is First Quantum Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. First Quantum Minerals's interest expense for the three months ended in Mar. 2024 was C$ -257 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-901 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. First Quantum Minerals's Operating Income for the three months ended in Mar. 2024 was C$ 79 Mil. First Quantum Minerals's Interest Expense for the three months ended in Mar. 2024 was C$ -257 Mil. First Quantum Minerals's Interest Coverage for the quarter that ended in Mar. 2024 was 0.31. 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.

First Quantum Minerals Interest Expense Historical Data

The historical data trend for First Quantum 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.

* Premium members only.

First Quantum Minerals Interest Expense Chart

First Quantum Minerals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -272.60 -933.78 -832.00 -793.36 -859.97

First Quantum Minerals 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -220.30 -221.88 -216.50 -205.27 -257.18

First Quantum 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-901 Mil.

* 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.

First Quantum Minerals  (TSX:FM) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

First Quantum Minerals's Interest Expense for the three months ended in Mar. 2024 was C$-257 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$79 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$7,772 Mil.

First Quantum Minerals's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*78.509/-257.184
=0.31

* 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.

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

First Quantum Minerals (TSX:FM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Quantum Minerals Ltd (TSX:FM) » Definitions » Interest Expense
Comparable Companies
TSX:LUN TSX:CS TSX:HBM TSX:ERO TSX:TKO TSX:III TSX:MARI TSXV:LA TSX:ARG TSX:ASCU SCCO FCX LSE:ANTO LIM:CVERDEC1 SHSE:600362 SZSE:000630 WAR:KGH HKSE:01208 BOM:513599 HKSE:01258
Traded in Other Exchanges
FQVLF:USA IZ1:Germany
Address
330 Bay Street, Suite 1101, Toronto, ON, CAN, M5H 2S8
Website
https://www.first-quantum.com
First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia and Mauritania. The Company's reportable operating segments are Cobre Panama, Kansanshi, Trident and Ravensthorpe. Majority of the revenue is generated from Cobre Panama.