Arika Resources (ASX:ARI) Interest Expense : A$0.00 Mil (TTM As of Dec. 2023)

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What is Arika Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Arika Resources's interest expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.00 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. Arika Resources's Operating Income for the six months ended in Dec. 2023 was A$ -1.18 Mil. Arika Resources's Interest Expense for the six months ended in Dec. 2023 was A$ 0.00 Mil. Arika Resources has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Arika Resources Interest Expense Historical Data

The historical data trend for Arika 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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Arika Resources Interest Expense Chart

Arika Resources Annual Data

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Interest Expense

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Arika Resources Semi-Annual Data
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Arika 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 semi-annually data reported by the company within the most recent 12 months, which was A$0.00 Mil.

Arika Resources (ASX:ARI) 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.

Arika Resources's Interest Expense for the six months ended in Dec. 2023 was A$0.00 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-1.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.00 Mil.

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

Arika Resources had no long-term debt ⁽¹⁾.

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. Arika Resources Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Arika Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arika Resources Ltd (ASX:ARI) » Definitions » Interest Expense

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Address

Unit B2, 20 Tarlton Crescent, Perth Airport, Perth, WA, AUS, 6105

Website

https://www.metalicity.com.au

Metalicity Ltd is an exploration and development company. The Group's principal activity as at the date of this report is mineral exploration and development of the Kookynie and Yundamindra Gold Projects . Its projects include Admiral Bay Zinc Project, Mt Surprise project, Yundamindra Gold Project, and Kookynie Gold Project. The Group has two geographic segments being Australia and Canada and operates in one industry being the Exploration of Minerals.