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Toubani Resources (ASX:TRE) Interest Expense : A$0.00 Mil (TTM As of Mar. 2023)


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What is Toubani Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Toubani Resources's interest expense for the three months ended in Mar. 2023 was A$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 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. Toubani Resources's Operating Income for the three months ended in Mar. 2023 was A$ -3.77 Mil. Toubani Resources's Interest Expense for the three months ended in Mar. 2023 was A$ 0.00 Mil. Toubani 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.


Toubani Resources Interest Expense Historical Data

The historical data trend for Toubani 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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Toubani Resources Interest Expense Chart

Toubani Resources Annual Data
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Interest Expense
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Toubani Resources Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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Toubani 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was A$0.00 Mil.

* 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.


Toubani Resources  (ASX:TRE) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Toubani Resources's Interest Expense for the three months ended in Mar. 2023 was A$0.00 Mil. Its Operating Income for the three months ended in Mar. 2023 was A$-3.77 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was A$0.00 Mil.

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

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

* 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.

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

Good Sign:

Toubani Resources Ltd has no debt.


Toubani Resources (ASX:TRE) Business Description

Traded in Other Exchanges
Address
100 King Street West, Suite 1600, Toronto, ON, CAN, M5X 1G5
Toubani Resources Ltd is a Canada-based gold exploration and development company. Its segment consists of the acquisition, exploration, and development of precious and base metal mineral resources properties located in Western Africa. The company's portfolio includes the Kobada gold project which is a stage gold development project located in Mali.

Toubani Resources (ASX:TRE) Headlines

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