Mineral Resources (FRA:F5J) Interest Expense : €-156 Mil (TTM As of Dec. 2023)

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What is Mineral Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mineral Resources's interest expense for the six months ended in Dec. 2023 was € -103 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-156 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. Mineral Resources's Operating Income for the six months ended in Dec. 2023 was € 88 Mil. Mineral Resources's Interest Expense for the six months ended in Dec. 2023 was € -103 Mil. Mineral Resources's Interest Coverage for the quarter that ended in Dec. 2023 was 0.85. 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.

Mineral Resources Interest Expense Historical Data

The historical data trend for Mineral 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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Mineral Resources Interest Expense Chart

Mineral Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-16.96

-58.77

-54.83

-75.39

-137.95

Mineral 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															-31.34	-42.48	-87.46	-52.90	-102.69

Mineral 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 €-156 Mil.

Mineral Resources (FRA:F5J) 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.

Mineral Resources's Interest Expense for the six months ended in Dec. 2023 was €-103 Mil. Its Operating Income for the six months ended in Dec. 2023 was €88 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €2,899 Mil.

Mineral 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	*	87.649	/	-102.687
	=	0.85

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

Mineral Resources (FRA:F5J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mineral Resources Ltd (FRA:F5J) » Definitions » Interest Expense

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Traded in Other Exchanges

MALRY:USA MALRF:USA MIN:Australia

Address

20 Walters Drive, Osborne Park, Applecross, Western Australia, WA, AUS, 6017

Website

https://www.mineralresources.com.au

Mineral Resources listed on the ASX in 2006 following the merger of three mining services businesses. The subsidiary companies were previously owned by managing director Chris Ellison, who remains a large shareholder despite selling down. Operations include iron ore and lithium mining, iron ore crushing and screening services for third parties, and engineering and construction for mining companies. Mining and contracting activity is focused in Western Australia.

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