Southgobi Resources (HKSE:01878) Interest Expense : HK$-348 Mil (TTM As of Mar. 2024)

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What is Southgobi Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Southgobi Resources's interest expense for the three months ended in Mar. 2024 was HK$ -73 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was HK$-348 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. Southgobi Resources's Operating Income for the three months ended in Mar. 2024 was HK$ 249 Mil. Southgobi Resources's Interest Expense for the three months ended in Mar. 2024 was HK$ -73 Mil. Southgobi Resources's Interest Coverage for the quarter that ended in Mar. 2024 was 3.41. 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.

Southgobi Resources Interest Expense Historical Data

The historical data trend for Southgobi 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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Southgobi Resources Interest Expense Chart

Southgobi Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-192.16

-218.67

-284.31

-309.33

-362.92

Southgobi Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-88.99	-85.91	-99.25	-89.71	-72.97

Southgobi 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-348 Mil.

Southgobi Resources (HKSE:01878) 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.

Southgobi Resources's Interest Expense for the three months ended in Mar. 2024 was HK$-73 Mil. Its Operating Income for the three months ended in Mar. 2024 was HK$249 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was HK$674 Mil.

Southgobi Resources's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	248.748	/	-72.973
	=	3.41

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Southgobi Resources Ltd interest coverage is 1.68, which is low.

Southgobi Resources (HKSE:01878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Southgobi Resources Ltd (HKSE:01878) » Definitions » Interest Expense

Traded in Other Exchanges

SGQRF:USA SGQ:Canada

Address

355 Burrard Street, Suite 1150, Vancouver, BC, CAN, V6C 2G8

Website

https://www.southgobi.com

Southgobi Resources Ltd together with its subsidiaries is an integrated coal mining, development, and exploration company. Its reportable operating segment is its Coal Division which is principally engaged in coal mining, development, and exploration in Mongolia and logistics and trading of coal in Mongolia and China. The company also holds the mining and exploration licenses of other metallurgical and thermal coal deposits in the South Gobi Province of Mongolia. The company owns the following operating coal mine and coal projects in Mongolia: the Ovoot Tolgoi Mine, Zag Suuj Project, and the Soumber Project.

Executives

Meng Fa Neng Yuan Kong Gu Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Gao Zhu	2201 Interest of corporation controlled by you
Land Grand International Holding Limited	2101 Beneficial owner
Inner Mongolia Tianyu Trading Limited	2201 Interest of corporation controlled by you
Jd Dingxing Limited	2201 Interest of corporation controlled by you
Jd Zhixing Fund L.p.	2101 Beneficial owner
Zhu Chonglin	2201 Interest of corporation controlled by you
An Yong	2201 Interest of corporation controlled by you
Inner Mongolia Yuxinsheng Technology Co., Ltd.	2201 Interest of corporation controlled by you
Inner Mongolia Tianyu Innovation Investment Group Co., Ltd.	2201 Interest of corporation controlled by you
Li Gang	2201 Interest of corporation controlled by you
Wei Hong Guo Ji Neng Yuan Ke Ji Bei Jing You Xian Gong Si	2201 Interest of corporation controlled by you
Nei Meng Gu Wei Hong Neng Yuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
China Cinda (hk) Holdings Company Limited	2201 Interest of corporation controlled by you
China Cinda (hk) Asset Management Co., Limited	2101 Beneficial owner

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