Axelum Resources (PHS:AXLM) Interest Expense : ₱-65 Mil (TTM As of Dec. 2023)

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What is Axelum Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Axelum Resources's interest expense for the three months ended in Dec. 2023 was ₱ -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₱-65 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. Axelum Resources's Operating Income for the three months ended in Dec. 2023 was ₱ -140 Mil. Axelum Resources's Interest Expense for the three months ended in Dec. 2023 was ₱ -20 Mil. Axelum Resources 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.

Axelum Resources Interest Expense Historical Data

The historical data trend for Axelum 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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Axelum Resources Interest Expense Chart

Axelum Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-109.12

-73.98

-34.08

-37.10

-65.33

Axelum Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-12.98	-14.24	-16.08	-15.24	-19.77

Axelum 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱-65 Mil.

Axelum Resources (PHS:AXLM) 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.

Axelum Resources's Interest Expense for the three months ended in Dec. 2023 was ₱-20 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₱-140 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₱3 Mil.

Axelum Resources's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Axelum Resources did not have earnings to cover the interest expense.

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

Axelum Resources (PHS:AXLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Axelum Resources Corp (PHS:AXLM) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Tiano-Montalvan Streets, ICS Building, Cagayan de Oro, MSR, PHL, 9000

Website

https://www.axelum.ph

Axelum Resources Corp is engaged in the manufacturing and distributing of high-quality coconut products which are mostly distributed to domestic and international food and beverage companies, confectioneries, bakeries, private label supermarkets and grocery store chains, food service industries, and nutritional and personal care brands. The company's product segments are divided into coconut water, white meat (Desiccated coconut, Coconut milk powder, Coconut cream/milk, sweetened coconut), and by-products. Geographically, it derives a majority of its revenue from the Philippines and also has a presence in the United States of America and Australia.