Canickel Mining (Canickel Mining) Interest Expense : $-8.66 Mil (TTM As of Mar. 2024)

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What is Canickel Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canickel Mining's interest expense for the three months ended in Mar. 2024 was $ -2.23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-8.66 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. Canickel Mining's Operating Income for the three months ended in Mar. 2024 was $ -0.35 Mil. Canickel Mining's Interest Expense for the three months ended in Mar. 2024 was $ -2.23 Mil. Canickel Mining 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.

Canickel Mining Interest Expense Historical Data

The historical data trend for Canickel Mining'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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Canickel Mining Interest Expense Chart

Canickel Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-7.17

-7.74

-7.98

-7.80

-8.40

Canickel Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-1.93	-2.05	-2.18	-2.21	-2.23

Canickel Mining 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 $-8.66 Mil.

Canickel Mining (OTCPK:CMLGF) 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.

Canickel Mining's Interest Expense for the three months ended in Mar. 2024 was $-2.23 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.35 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.00 Mil.

Canickel Mining's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Canickel Mining did not have earnings to cover the interest expense.

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

Canickel Mining (Canickel Mining) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canickel Mining Ltd (OTCPK:CMLGF) » Definitions » Interest Expense

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CMID:Germany CML:Canada

Address

999 West Hastings Street, Suite 1655, P.O.Box 35, Vancouver, BC, CAN, V6C 2W2

Website

https://www.canickel.com

Canickel Mining Ltd is a mining company focused on nickel mining and related activities, including exploration and the extraction and processing of nickel-containing ore. All assets of the Company are in Canada. It is also operating running the care and maintenance program at Bucko Lake Mine to safeguard assets and carry out exploration activities. It has a single segment and is focused on nickel mining including exploration and extraction and processing of nickel-containing ore.

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