Sierra Metals (Sierra Metals) Interest Expense : $-10.2 Mil (TTM As of Mar. 2024)

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What is Sierra Metals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sierra Metals's interest expense for the three months ended in Mar. 2024 was $ -2.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-10.2 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. Sierra Metals's Operating Income for the three months ended in Mar. 2024 was $ 7.2 Mil. Sierra Metals's Interest Expense for the three months ended in Mar. 2024 was $ -2.4 Mil. Sierra Metals's Interest Coverage for the quarter that ended in Mar. 2024 was 3.01. 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.

Sierra Metals Interest Expense Historical Data

The historical data trend for Sierra Metals'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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Sierra Metals Interest Expense Chart

Sierra Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.08

-4.59

-3.95

-4.97

-9.90

Sierra Metals 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															-2.19	-2.79	-2.62	-2.36	-2.41

Sierra Metals 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 $-10.2 Mil.

Sierra Metals (OTCPK:SMTSF) 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.

Sierra Metals's Interest Expense for the three months ended in Mar. 2024 was $-2.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was $7.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.0 Mil.

Sierra Metals'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	*	7.236	/	-2.405
	=	3.01

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

Sierra Metals (Sierra Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sierra Metals Inc (OTCPK:SMTSF) » Definitions » Interest Expense

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Traded in Other Exchanges

DFXN:Germany SMT:Canada

Address

77 King Street West, Suite 400, Toronto, ON, CAN, M5K 0A1

Website

https://www.sierrametals.com

Sierra Metals Inc is a precious and base metals producer in Peru and Mexico. The company acquires, explores, extracts, and produces mineral concentrates consisting of silver, copper, lead, zinc and gold. Sierra has interests in the Yauricocha Mine in Peru, and the Bolivar and Cusi Mines, Mexico. The majority of the revenue comes from selling the mineral concentrates to its customers in Peru.