Cerrado Gold (Cerrado Gold) Interest Expense : $-1.90 Mil (TTM As of Sep. 2023)

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What is Cerrado Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cerrado Gold's interest expense for the three months ended in Sep. 2023 was $ -0.46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.90 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. Cerrado Gold's Operating Income for the three months ended in Sep. 2023 was $ -2.56 Mil. Cerrado Gold's Interest Expense for the three months ended in Sep. 2023 was $ -0.46 Mil. Cerrado 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.

Cerrado Gold Interest Expense Historical Data

The historical data trend for Cerrado 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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Cerrado Gold Interest Expense Chart

Cerrado Gold Annual Data

Trend

Dec21

Dec22

Interest Expense

-0.35

-2.13

Cerrado Gold Quarterly Data
	Sep19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial										-1.17	-0.04	-0.99	-0.41	-0.46

Cerrado 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.90 Mil.

Cerrado Gold (OTCPK:CRDOF) 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.

Cerrado Gold's Interest Expense for the three months ended in Sep. 2023 was $-0.46 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-2.56 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $23.84 Mil.

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

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

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

Cerrado Gold (Cerrado Gold) Business Description

Industry

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

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CERT:Canada

Address

200 Bay Street, Suite 3205, Toronto, ON, CAN, M5J 2J2

Website

https://www.cerradogold.com

Cerrado Gold Inc is a precious metals mining and exploration company building a portfolio of assets in South America. The company owns Minera Don Nicolas Project, located in Santa Cruz, Argentina. It is also focused on exploration at its Monte do Carmo gold Project in Tocantins State, Brazil.