Argonaut Gold (Argonaut Gold) Interest Expense : $-13.0 Mil (TTM As of Dec. 2023)

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What is Argonaut Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Argonaut Gold's interest expense for the three months ended in Dec. 2023 was $ -7.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-13.0 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. Argonaut Gold's Operating Income for the three months ended in Dec. 2023 was $ -3.5 Mil. Argonaut Gold's Interest Expense for the three months ended in Dec. 2023 was $ -7.8 Mil. Argonaut Gold 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.

Argonaut Gold Interest Expense Historical Data

The historical data trend for Argonaut Gold'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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Argonaut Gold Interest Expense Chart

Argonaut Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.69

-1.60

-1.71

-2.80

-12.31

Argonaut Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.90	-2.22	-1.13	-1.89	-7.80

Argonaut Gold 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-13.0 Mil.

Argonaut Gold (OTCPK:ARNGF) 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.

Argonaut Gold's Interest Expense for the three months ended in Dec. 2023 was $-7.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-3.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $262.2 Mil.

Argonaut Gold's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Argonaut Gold did not have earnings to cover the interest expense.

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

Argonaut Gold (Argonaut Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Argonaut Gold Inc (OTCPK:ARNGF) » Definitions » Interest Expense

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Traded in Other Exchanges

A8U:Germany A8U:Germany AR:Canada

Address

9600 Prototype Court, Reno, NV, USA, 89521

Website

https://www.argonautgold.com

Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development, and production. Its primary assets are the El Castillo mine and the San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the exploration stage Cerro del Gallo project, and several other exploration stage projects, all of which are located in North America.

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