Sky Metals (ASX:SKY) Interest Expense : A$-0.04 Mil (TTM As of Dec. 2023)

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What is Sky Metals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sky Metals's interest expense for the six months ended in Dec. 2023 was A$ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.04 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. Sky Metals's Operating Income for the six months ended in Dec. 2023 was A$ -0.97 Mil. Sky Metals's Interest Expense for the six months ended in Dec. 2023 was A$ -0.02 Mil. Sky Metals 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.

Sky Metals Interest Expense Historical Data

The historical data trend for Sky 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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Sky Metals Interest Expense Chart

Sky Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-0.01

-0.04

Sky Metals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-	-0.02	-0.02	-0.02	-0.02

Sky 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-0.04 Mil.

Sky Metals (ASX:SKY) 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.

Sky Metals's Interest Expense for the six months ended in Dec. 2023 was A$-0.02 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-0.97 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$0.33 Mil.

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

Sky Metals did not have earnings to cover the interest expense.

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

Sky Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sky Metals Ltd (ASX:SKY) » Definitions » Interest Expense

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Address

2 Hawthorn Place, P.O. Box 8620, Orange, NSW, AUS, 2800

Website

https://www.skymetals.com.au

Sky Metals Ltd is engaged in identifying and evaluating mineral exploration for tin, copper, and gold in New South Wales. The group operates in a single segment is the exploration. The company's projects include the Tallebung Project, Caledonian Project, Iron Duke Copper-Gold Project, Tirrana Project, New England Project, Galwadgere copper-gold Deposit, Doradilla Project, Kangiara Project, and Cullarin Project.