Andrada Mining (LSE:ATM) Interest Expense : £-0.79 Mil (TTM As of Aug. 2023)

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What is Andrada Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Andrada Mining's interest expense for the six months ended in Aug. 2023 was £ -0.31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2023 was £-0.79 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. Andrada Mining's Operating Income for the six months ended in Aug. 2023 was £ -2.18 Mil. Andrada Mining's Interest Expense for the six months ended in Aug. 2023 was £ -0.31 Mil. Andrada Mining 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.

Andrada Mining Interest Expense Historical Data

The historical data trend for Andrada Mining'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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Andrada Mining Interest Expense Chart

Andrada Mining Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Interest Expense

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-0.04

-0.14

-0.28

-0.67

Andrada Mining Semi-Annual Data
	Feb15	Feb16	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Interest Expense	Get a 7-Day Free Trial										-0.19	-0.09	-0.19	-0.48	-0.31

Andrada Mining 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.79 Mil.

Andrada Mining (LSE:ATM) 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.

Andrada Mining's Interest Expense for the six months ended in Aug. 2023 was £-0.31 Mil. Its Operating Income for the six months ended in Aug. 2023 was £-2.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2023 was £4.90 Mil.

Andrada Mining's Interest Coverage for the quarter that ended in Aug. 2023 is calculated as

Andrada Mining did not have earnings to cover the interest expense.

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

Andrada Mining (LSE:ATM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andrada Mining Ltd (LSE:ATM) » Definitions » Interest Expense

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9IA:Germany

Address

Oak House, Hirzel Street, P.O. Box 282, Saint Peter Port, GGY, GY1 3RH

Website

https://www.andradamining.com

Andrada Mining Ltd is a Guernsey-based mining company. The company's geographical segments include South Africa and Namibia. The company's project consists of the Uis Tin project and Mokopane Tin project. It derives a majority of its revenue from the Namibia region. The company's asset includes Lithium Ridge (Nai-Nais), Spodumene Hill, Brandberg West.

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