Ecora Resources (TSX:ECOR) Interest Expense : C$-7.78 Mil (TTM As of Dec. 2023)

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What is Ecora Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ecora Resources's interest expense for the six months ended in Dec. 2023 was C$ -4.97 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-7.78 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. Ecora Resources's Operating Income for the six months ended in Dec. 2023 was C$ 14.60 Mil. Ecora Resources's Interest Expense for the six months ended in Dec. 2023 was C$ -4.97 Mil. Ecora Resources's Interest Coverage for the quarter that ended in Dec. 2023 was 2.94. 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.

Ecora Resources Interest Expense Historical Data

The historical data trend for Ecora 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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Ecora Resources Interest Expense Chart

Ecora Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.85

-2.85

-6.39

-5.13

-7.81

Ecora Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-3.27	-2.18	-2.81	-2.81	-4.97

Ecora 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 semi-annually data reported by the company within the most recent 12 months, which was C$-7.78 Mil.

Ecora Resources (TSX:ECOR) 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.

Ecora Resources's Interest Expense for the six months ended in Dec. 2023 was C$-4.97 Mil. Its Operating Income for the six months ended in Dec. 2023 was C$14.60 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was C$114.46 Mil.

Ecora Resources'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	*	14.598	/	-4.973
	=	2.94

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

Ecora Resources (TSX:ECOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ecora Resources PLC (TSX:ECOR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ECRAF:USA ECORl:UK ECOR:UK HGR:Germany

Address

Kent House, 14–17 Market Place, 3rd Floor North, London, GBR, W1W 8AJ

Website

https://www.ecora-resources.com

Ecora Resources PLC is engaged in obtaining royalties from a diversified portfolio focusing primarily on base metals and bulk materials. It focuses on commodities such as Copper; Nickel; Iron Ore; Gold; Cobalt; Vanadium; Met Coal and Uranium. Some of its assets include Voisey's Bay; Mantos Blancos; Maracas Menchen and others.