Deterra Royalties (ASX:DRR) Interest Expense : A$-2.9 Mil (TTM As of Dec. 2023)

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What is Deterra Royalties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Deterra Royalties's interest expense for the six months ended in Dec. 2023 was A$ -1.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-2.9 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. Deterra Royalties's Operating Income for the six months ended in Dec. 2023 was A$ 113.2 Mil. Deterra Royalties's Interest Expense for the six months ended in Dec. 2023 was A$ -1.6 Mil. Deterra Royalties's Interest Coverage for the quarter that ended in Dec. 2023 was 69.26. 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.

Deterra Royalties Interest Expense Historical Data

The historical data trend for Deterra Royalties'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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Deterra Royalties Interest Expense Chart

Deterra Royalties Annual Data

Trend

Jun21

Jun22

Jun23

Interest Expense

-0.25

-1.07

-2.50

Deterra Royalties Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-0.15	-0.92	-1.25	-1.25	-1.63

Deterra Royalties 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 semi-annually data reported by the company within the most recent 12 months, which was A$-2.9 Mil.

Deterra Royalties (ASX:DRR) 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.

Deterra Royalties's Interest Expense for the six months ended in Dec. 2023 was A$-1.6 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$113.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.5 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	113.174	/	-1.634
	=	69.26

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Deterra Royalties Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Deterra Royalties (ASX:DRR) Business Description

Industry

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DETRF:USA

Address

140 St Georges Terrace, Level 16, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Deterra Royalties was spun out from Iluka Resources in October 2020 with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Deterra's strategy is to grow into a diversified royalty company.