Wheaton Precious Metals (TSX:WPM) Interest Expense : C$-0 Mil (TTM As of Mar. 2024)

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What is Wheaton Precious Metals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wheaton Precious Metals's interest expense for the three months ended in Mar. 2024 was C$ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0 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. Wheaton Precious Metals's Operating Income for the three months ended in Mar. 2024 was C$ 216 Mil. Wheaton Precious Metals's Interest Expense for the three months ended in Mar. 2024 was C$ -0 Mil. Wheaton Precious Metals's Interest Coverage for the quarter that ended in Mar. 2024 was 2,163.46. 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.

Wheaton Precious Metals Interest Expense Historical Data

The historical data trend for Wheaton Precious 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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Wheaton Precious Metals Interest Expense Chart

Wheaton Precious Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-59.18

-15.84

-0.45

-0.12

-0.28

Wheaton Precious 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															-0.02	-0.05	-0.11	-0.10	-0.10

Wheaton Precious 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 C$-0 Mil.

Wheaton Precious Metals (TSX:WPM) 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.

Wheaton Precious Metals's Interest Expense for the three months ended in Mar. 2024 was C$-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$216 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$7 Mil.

Wheaton Precious 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	*	216.346	/	-0.1
	=	2,163.46

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Wheaton Precious Metals Corp has enough cash to cover all of its debt. Its financial situation is stable.

Wheaton Precious Metals (TSX:WPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wheaton Precious Metals Corp (TSX:WPM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

WPM:USA WPM:UK SII:Germany

Address

1021 West Hastings Street, Suite 3500, Vancouver, BC, CAN, V6E 0C3

Website

https://www.wheatonpm.com

Wheaton Precious Metals Corp is a precious metal streaming company. The company has entered into over 20 long-term purchase agreements with 17 different mining companies, for the purchase of precious metals and cobalt. It has streaming agreements covering approximately 19 operating mines and 9 development stage projects. The company's projects include Vale's Salobo mine and silver streams on Glencore's Antamina mine and Goldcorp's Penasquito mine.

Executives

Gary Duncan Brown	Senior Officer
Bradley William Carpenter	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Patrick Eugene Drouin	Senior Officer
Glenn Antony Ives	Director
Bill Koutsouras	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Marilyn Joy Schonberner	Director
Randy Smallwood	Senior Officer
Anne Storie	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)