Wesdome Gold Mines (TSX:WDO) Interest Expense : C$-4.5 Mil (TTM As of Mar. 2024)

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What is Wesdome Gold Mines Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wesdome Gold Mines's interest expense for the three months ended in Mar. 2024 was C$ -1.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-4.5 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. Wesdome Gold Mines's Operating Income for the three months ended in Mar. 2024 was C$ 15.4 Mil. Wesdome Gold Mines's Interest Expense for the three months ended in Mar. 2024 was C$ -1.0 Mil. Wesdome Gold Mines's Interest Coverage for the quarter that ended in Mar. 2024 was 14.90. 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.

Wesdome Gold Mines Interest Expense Historical Data

The historical data trend for Wesdome Gold Mines'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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Wesdome Gold Mines Interest Expense Chart

Wesdome Gold Mines Annual Data

Trend

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Dec23

Interest Expense

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-0.68

-1.10

-1.19

-2.45

-4.81

Wesdome Gold Mines 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															-1.31	-1.18	-1.11	-1.21	-1.04

Wesdome Gold Mines 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$-4.5 Mil.

Wesdome Gold Mines (TSX:WDO) 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.

Wesdome Gold Mines's Interest Expense for the three months ended in Mar. 2024 was C$-1.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$15.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.5 Mil.

Wesdome Gold Mines'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	*	15.437	/	-1.036
	=	14.90

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

Wesdome Gold Mines (TSX:WDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wesdome Gold Mines Ltd (TSX:WDO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

WDOFF:USA RKVA:Germany

Address

220 Bay Street, Suite 1200, Toronto, ON, CAN, M5J 2W4

Website

https://www.wesdome.com

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground, Kiena Complex and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.

Executives

Brian Neville Skanderbeg

Director

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