Gold Road Resources (ASX:GOR) Interest Expense : A$-3.3 Mil (TTM As of Dec. 2023)

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What is Gold Road Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gold Road Resources's interest expense for the six months ended in Dec. 2023 was A$ -1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-3.3 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. Gold Road Resources's Operating Income for the six months ended in Dec. 2023 was A$ 87.0 Mil. Gold Road Resources's Interest Expense for the six months ended in Dec. 2023 was A$ -1.7 Mil. Gold Road Resources's Interest Coverage for the quarter that ended in Dec. 2023 was 52.65. 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.

Gold Road Resources Interest Expense Historical Data

The historical data trend for Gold Road 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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Gold Road Resources Interest Expense Chart

Gold Road Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.96

-3.68

-3.69

-3.75

-3.30

Gold Road Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.99	-1.93	-1.82	-1.65	-1.65

Gold Road 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-3.3 Mil.

Gold Road Resources (ASX:GOR) 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.

Gold Road Resources's Interest Expense for the six months ended in Dec. 2023 was A$-1.7 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$87.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$114.8 Mil.

Gold Road Resources'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	*	87.035	/	-1.653
	=	52.65

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

Gold Road Resources (ASX:GOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Road Resources Ltd (ASX:GOR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ELKMF:USA E6Q:Germany

Address

26 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.goldroad.com.au

Gold Road Resources Ltd together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. The company operates in three reportable segments that are Operations, Exploration, and Unallocated, out of which the majority of the revenue is generated from the Operations segment.

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