Nickel Industries (Nickel Industries) Interest Expense : $-91 Mil (TTM As of Dec. 2023)

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What is Nickel Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nickel Industries's interest expense for the six months ended in Dec. 2023 was $ -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-91 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. Nickel Industries's Operating Income for the six months ended in Dec. 2023 was $ 174 Mil. Nickel Industries's Interest Expense for the six months ended in Dec. 2023 was $ -36 Mil. Nickel Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 4.89. 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.

Nickel Industries Interest Expense Historical Data

The historical data trend for Nickel Industries'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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Nickel Industries Interest Expense Chart

Nickel Industries Annual Data

Trend

Jun19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.04

-5.27

-13.05

-33.77

-90.90

Nickel Industries Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial							-9.21	-12.10	-21.67	-55.34	-35.56

Nickel Industries 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 $-91 Mil.

Nickel Industries (OTCPK:NICMF) 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.

Nickel Industries's Interest Expense for the six months ended in Dec. 2023 was $-36 Mil. Its Operating Income for the six months ended in Dec. 2023 was $174 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $588 Mil.

Nickel Industries'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	*	174.017	/	-35.555
	=	4.89

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

Nickel Industries (Nickel Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Industries Ltd (OTCPK:NICMF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NM5:Germany NIC:Australia

Address

66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.nickelmines.com.au

Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. It holds 80% interest in the Hengjaya Nickel and Ranger Nickel projects, both of which operate 2 line Rotary Kiln Electric Furnace (RKEF) plants producing NPI within the Indonesia Morowali Industrial Park (IMIP). Nickel Industries also holds an 80% economic interest in the Hengjaya Mineralindo Nickel Mine ('Hengjaya Mine'), a large tonnage, high-grade saprolite deposit located in the Morowali Regency of Central Sulawesi, Indonesia.

Nickel Industries (Nickel Industries) Headlines

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