Resource Capital Gold (Resource Capital Gold) Interest Expense : $-2.53 Mil (TTM As of Sep. 2018)

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What is Resource Capital Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Resource Capital Gold's interest expense for the three months ended in Sep. 2018 was $ -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2018 was $-2.53 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. Resource Capital Gold's Operating Income for the three months ended in Sep. 2018 was $ 0.14 Mil. Resource Capital Gold's Interest Expense for the three months ended in Sep. 2018 was $ -0.07 Mil. Resource Capital Gold's Interest Coverage for the quarter that ended in Sep. 2018 was 1.93. 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.

Resource Capital Gold Interest Expense Historical Data

The historical data trend for Resource Capital Gold'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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Resource Capital Gold Interest Expense Chart

Resource Capital Gold Annual Data

Trend

Apr09

Apr10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Interest Expense

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-0.06

-0.20

-0.07

-2.34

Resource Capital Gold Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Interest Expense	Get a 7-Day Free Trial															-0.07	-0.10	-0.36	-2.00	-0.07

Resource Capital Gold 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 Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.53 Mil.

Resource Capital Gold (OTCPK:GDPEF) 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.

Resource Capital Gold's Interest Expense for the three months ended in Sep. 2018 was $-0.07 Mil. Its Operating Income for the three months ended in Sep. 2018 was $0.14 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2018 was $0.13 Mil.

Resource Capital Gold's Interest Coverage for the quarter that ended in Sep. 2018 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2018 )	/	Interest Expense (Q: Sep. 2018 )
	=	-1	*	0.143	/	-0.074
	=	1.93

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

Resource Capital Gold (Resource Capital Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Resource Capital Gold Corp (OTCPK:GDPEF) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6

Website

http://www.rcgcorp.ca

Resource Capital Gold Corp is a precious-metals developer and producer. The company has the pipeline of late-stage exploration, development and producing gold-silver assets in North America. The company is currently focusing on Dufferin Gold Mine and mill in Nova Scotia. It is also advancing the Corcoran Canyon, Tangier and Forest Hill gold-silver projects. Its mineral operations are located in Canada and the United States of America.

Resource Capital Gold (Resource Capital Gold) Headlines

From GuruFocus

Resource Capital Gold: Board of Director Resignation

By GlobeNewswire GlobeNewswire • 11-03-2018

Resource Capital Gold Corp Announces Filing For Stay Of Proceedings On Creditors

By GlobeNewswire GlobeNewswire • 01-30-2019

Resource Capital Gold Closes Second Tranche of Non-Brokered Financing

By GlobeNewswire GlobeNewswire • 03-16-2018