Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Interest Expense : $-79 Mil (TTM As of Dec. 2023)

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What is Sociedad Minera Cerro VerdeA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sociedad Minera Cerro VerdeA's interest expense for the six months ended in Dec. 2023 was $ -79 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-79 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. Sociedad Minera Cerro VerdeA's Operating Income for the six months ended in Dec. 2023 was $ 1,341 Mil. Sociedad Minera Cerro VerdeA's Interest Expense for the six months ended in Dec. 2023 was $ -79 Mil. Sociedad Minera Cerro VerdeA's Interest Coverage for the quarter that ended in Dec. 2023 was 16.93. 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.

Sociedad Minera Cerro VerdeA Interest Expense Historical Data

The historical data trend for Sociedad Minera Cerro VerdeA'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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Sociedad Minera Cerro VerdeA Interest Expense Chart

Sociedad Minera Cerro VerdeA Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-107.93

-68.52

-28.54

-9.81

-79.23

Sociedad Minera Cerro VerdeA Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec19	Dec20	Dec21	Dec22	Dec23
Interest Expense	Get a 7-Day Free Trial					-107.93	-68.52	-28.54	-9.81	-79.23

Sociedad Minera Cerro VerdeA Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-79 Mil.

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) 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.

Sociedad Minera Cerro VerdeA's Interest Expense for the six months ended in Dec. 2023 was $-79 Mil. Its Operating Income for the six months ended in Dec. 2023 was $1,341 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $50 Mil.

Sociedad Minera Cerro VerdeA'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	*	1341.119	/	-79.228
	=	16.93

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

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Cerro Verde SAA (LIM:CVERDEC1) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Avenue Alfonso Ugarte 304, Arequipa, PER

Website

https://www.cerroverde.pe

Sociedad Minera Cerro Verde SAA is involved in the exploration, extraction, production and sale of copper from deposits located in the southwest of the Arequipa city.

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Headlines

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