KGHM Polska Miedz (KGHM Polska Miedz) Interest Expense : $-44 Mil (TTM As of Mar. 2024)

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What is KGHM Polska Miedz Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. KGHM Polska Miedz's interest expense for the three months ended in Mar. 2024 was $ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-44 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. KGHM Polska Miedz's Operating Income for the three months ended in Mar. 2024 was $ 142 Mil. KGHM Polska Miedz's Interest Expense for the three months ended in Mar. 2024 was $ -11 Mil. KGHM Polska Miedz's Interest Coverage for the quarter that ended in Mar. 2024 was 13.19. 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.

KGHM Polska Miedz Interest Expense Historical Data

The historical data trend for KGHM Polska Miedz'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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KGHM Polska Miedz Interest Expense Chart

KGHM Polska Miedz Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

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Dec21

Dec22

Dec23

Interest Expense

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-59.47

-36.23

-27.24

-9.75

-33.98

KGHM Polska Miedz 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															-1.00	-10.99	-11.49	-10.74	-10.74

KGHM Polska Miedz 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 $-44 Mil.

KGHM Polska Miedz (OTCPK:KGHPF) 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.

KGHM Polska Miedz's Interest Expense for the three months ended in Mar. 2024 was $-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was $142 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,328 Mil.

KGHM Polska Miedz'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	*	141.672	/	-10.744
	=	13.19

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

KGHM Polska Miedz (KGHM Polska Miedz) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » KGHM Polska Miedz SA (OTCPK:KGHPF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

KGH:Poland 0O8D:UK KGHA:Germany KGHA:Germany KGH:Czech Republic

Address

48 M.Sklodowskiej-Curie Street, Lubin, POL, 59-301

Website

https://www.kghm.com

KGHM Polska Miedz SA engages in copper ore mining and copper production primarily in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewellery, photography products and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is primarily through sales of silver, while a minor portion is generated through the production of gold, salt and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom and the Czech Republic, among many other European nations. KGHM Polska Miedz SA is also involved in construction and engineering, through its wholly owned subsidiary Bipromet SA.