Verde Resources (Verde Resources) Interest Expense : $-0.12 Mil (TTM As of Dec. 2023)

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What is Verde Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Verde Resources's interest expense for the three months ended in Dec. 2023 was $ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.12 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. Verde Resources's Operating Income for the three months ended in Dec. 2023 was $ -0.57 Mil. Verde Resources's Interest Expense for the three months ended in Dec. 2023 was $ -0.04 Mil. Verde Resources did not have earnings to cover the interest expense. 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.

Verde Resources Interest Expense Historical Data

The historical data trend for Verde 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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Verde Resources Interest Expense Chart

Verde Resources Annual Data

Trend

Jun14

Jun15

Jun16

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Jun19

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Jun21

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Jun23

Interest Expense

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-0.25

-1.95

-1.92

Verde Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.35	-0.01	-0.03	-0.04	-0.04

Verde 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 quarterly data reported by the company within the most recent 12 months, which was $-0.12 Mil.

Verde Resources (OTCPK:VRDR) 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.

Verde Resources's Interest Expense for the three months ended in Dec. 2023 was $-0.04 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-0.57 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1.16 Mil.

Verde Resources's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Verde Resources did not have earnings to cover the interest expense.

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

Verde Resources (Verde Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Verde Resources Inc (OTCPK:VRDR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Cityplace Drive, Suite 200, St. Louis, MO, USA, 63141

Website

https://www.verderesources.com

Verde Resources Inc operates is a US-based company. The Company currently is engaged in the production and distribution of renewable commodities, distribution of THC-free cannabinoid (CBD) products, and real property holding. The company has four operating segments, Distribution of THC-free cannabinoid (CBD) products; Production and distribution of renewable commodities; Holding of real property; and Licensor of proprietary pyrolysis technology.

Executives

Oil Berhad Borneo	10 percent owner	1ST AND 2ND FLOOR, VICTORIA POINT,, JALAN OKK AWANG BESAR, W. P. LABUAN N8 87007
Borneo Oil & Gas Corp Sdn Bhd	10 percent owner	17TH FLOOR, MENARA HAP SENG, NO. 1 & 3, JALAN P. RAMLEE, KUALA LUMPUR N8 50250
Ming Ding Wu	director, 10 percent owner, officer: President	UNIT 1503, 15/F, THE PHOENIX, 21-25 LUARD ROAD, WANCHAI, HONG KONG K3 00000
All Fine Holdings Ltd	10 percent owner	UNIT 1503, 15/F., THE PHOENIX, 21-25 LUARD ROAD, WANCHAI, HONG KONG K3 00000
Michael Stiege	director, 10 percent owner	905 VENTURE WAY, MILL VALLEY CA 94941
Stephen Spalding	director, 10 percent owner, officer: Pres., CEO, Tres., Sec.	905 VENTURE WAY, MILL VALLEY CA 94941
Kukulcan Diversified Corp.	10 percent owner	PO BOX 1405, LOS ALTOS CA 94023