Orezone Gold (TSX:ORE) Interest Expense : C$-19.5 Mil (TTM As of Mar. 2024)

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What is Orezone Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Orezone Gold's interest expense for the three months ended in Mar. 2024 was C$ -5.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-19.5 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. Orezone Gold's Operating Income for the three months ended in Mar. 2024 was C$ 31.0 Mil. Orezone Gold's Interest Expense for the three months ended in Mar. 2024 was C$ -5.6 Mil. Orezone Gold's Interest Coverage for the quarter that ended in Mar. 2024 was 5.57. 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.

Orezone Gold Interest Expense Historical Data

The historical data trend for Orezone Gold'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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Orezone Gold Interest Expense Chart

Orezone Gold Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

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Dec23

Interest Expense

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-0.03

-0.02

-0.04

-2.22

-19.92

Orezone Gold 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															-6.06	-5.45	-5.00	-3.52	-5.57

Orezone Gold 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 C$-19.5 Mil.

Orezone Gold (TSX:ORE) 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.

Orezone Gold's Interest Expense for the three months ended in Mar. 2024 was C$-5.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$31.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$91.2 Mil.

Orezone Gold'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	*	31.034	/	-5.567
	=	5.57

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

Orezone Gold (TSX:ORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orezone Gold Corp (TSX:ORE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ORZCF:USA OEX:Germany

Address

505 Burrard Street, Suite 450, Bentall Tower 1, Vancouver, BC, CAN, V7X 1M3

Website

https://www.orezone.com

Orezone Gold Corp is a Canada-based gold mining company mainly engaged in the exploration and evaluation and development of gold. The company operates the open pit Bombore Gold Mine in Burkina Faso. The company operates in the business segment of acquisition, exploration, and potential development of precious metal properties. In addition to social responsibility and sustainability, Orezone has an experienced team in project construction and operations, financings, capital markets and M&A.

Executives

Ryan Goodman

Senior Officer

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