Minera IRL (XCNQ:MIRL) Interest Expense : C$-10.57 Mil (TTM As of Mar. 2024)

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What is Minera IRL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Minera IRL's interest expense for the three months ended in Mar. 2024 was C$ -4.71 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-10.57 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. Minera IRL's Operating Income for the three months ended in Mar. 2024 was C$ 1.75 Mil. Minera IRL's Interest Expense for the three months ended in Mar. 2024 was C$ -4.71 Mil. Minera IRL's Interest Coverage for the quarter that ended in Mar. 2024 was 0.37. 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.

Minera IRL Interest Expense Historical Data

The historical data trend for Minera IRL'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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Minera IRL Interest Expense Chart

Minera IRL Annual Data

Trend

Dec13

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Dec22

Interest Expense

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-10.27

-10.53

-20.13

-10.01

-12.84

Minera IRL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-7.25	-3.69	-2.90	-2.96	-4.71

Minera IRL 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$-10.57 Mil.

Minera IRL (XCNQ:MIRL) 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.

Minera IRL's Interest Expense for the three months ended in Mar. 2024 was C$-4.71 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$1.75 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$3.40 Mil.

Minera IRL'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	*	1.749	/	-4.712
	=	0.37

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

Minera IRL (XCNQ:MIRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minera IRL Ltd (XCNQ:MIRL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MRLLF:USA MIRL:Peru DZX:Germany

Address

15 Esplanade, Hawksford House, Saint Helier, JEY, JE1 1RB

Website

https://www.minera-irl.com

Minera IRL Ltd is engaged in the development and operation of gold mines in Peru. It is engaged in the exploration, development and operation of mines for the extraction of metals. It operates the Corihuarmi Gold Mine and owns the Ollachea Project through its subsidiaries. The Ollachea Project has a completed feasibility study and environmental and construction permits.

Executives

Diego Benavides	Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Gerardo Perez Delgado	Director

Minera IRL (XCNQ:MIRL) Headlines

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