Clean Air Metals (Clean Air Metals) Interest Expense : $-0.71 Mil (TTM As of Oct. 2023)

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What is Clean Air Metals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Clean Air Metals's interest expense for the three months ended in Oct. 2023 was $ -0.15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was $-0.71 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. Clean Air Metals's Operating Income for the three months ended in Oct. 2023 was $ -0.64 Mil. Clean Air Metals's Interest Expense for the three months ended in Oct. 2023 was $ -0.15 Mil. Clean Air 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.

Clean Air Metals Interest Expense Historical Data

The historical data trend for Clean Air 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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Clean Air Metals Interest Expense Chart

Clean Air Metals Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Interest Expense

-0.14

-0.30

-0.57

Clean Air Metals Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Interest Expense	Get a 7-Day Free Trial															-0.14	-0.34	-0.09	-0.15	-0.15

Clean Air 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.71 Mil.

Clean Air Metals (OTCPK:CLRMF) 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.

Clean Air Metals's Interest Expense for the three months ended in Oct. 2023 was $-0.15 Mil. Its Operating Income for the three months ended in Oct. 2023 was $-0.64 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2023 was $0.00 Mil.

Clean Air Metals's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Clean Air Metals did not have earnings to cover the interest expense.

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

Clean Air Metals (Clean Air Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Clean Air Metals Inc (OTCPK:CLRMF) » Definitions » Interest Expense

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AIR:Canada

Address

100 King Street West, Suite 3400, Toronto, ON, CAN, M5X 1A4

Website

https://www.cleanairmetals.ca

Clean Air Metals Inc is engaged in mineral exploration and evaluation. The projects of the company include Thunder Bay North Property, Located approximately 50km northeast of the city of Thunder Bay, within the Thunder Bay Mining Division, in Ontario, Canada and Triple Flag Net Smelter Royalty.