Lithium Exploration Group (Lithium Exploration Group) Interest Expense : $-3.19 Mil (TTM As of Mar. 2018)

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What is Lithium Exploration Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lithium Exploration Group's interest expense for the three months ended in Mar. 2018 was $ -0.24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2018 was $-3.19 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. Lithium Exploration Group's Operating Income for the three months ended in Mar. 2018 was $ -0.15 Mil. Lithium Exploration Group's Interest Expense for the three months ended in Mar. 2018 was $ -0.24 Mil. Lithium Exploration Group 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.

Lithium Exploration Group Interest Expense Historical Data

The historical data trend for Lithium Exploration Group'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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Lithium Exploration Group Interest Expense Chart

Lithium Exploration Group Annual Data

Trend

Jun08

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Jun17

Interest Expense

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-3.79

-5.32

-1.37

-1.30

-4.74

Lithium Exploration Group Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
Interest Expense	Get a 7-Day Free Trial															-2.07	-2.28	-0.47	-0.20	-0.24

Lithium Exploration Group 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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.19 Mil.

Lithium Exploration Group (GREY:LEXG) 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.

Lithium Exploration Group's Interest Expense for the three months ended in Mar. 2018 was $-0.24 Mil. Its Operating Income for the three months ended in Mar. 2018 was $-0.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2018 was $0.05 Mil.

Lithium Exploration Group's Interest Coverage for the quarter that ended in Mar. 2018 is calculated as

Lithium Exploration Group did not have earnings to cover the interest expense.

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

Lithium Exploration Group (Lithium Exploration Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Exploration Group Inc (GREY:LEXG) » Definitions » Interest Expense

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Address

4635 South Lakeshore Drive, Suite 200, Tempe, AZ, USA, 85282

Website

http://www.lithiumexplorationgroup.com

Lithium Exploration Group Inc is a U.S.-based exploration and development company. It is focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. The company is testing its SonCav Technology for use in the oil and gas industry and the acquisition of oil and gas related assets in Western Canada and Southwest Louisiana. The SonCav technology uses a patented process to mechanically induce an ultrasonic cavitation to superheat fluid. It is focused solely on water and crude oil, but technology is expected to have many other commercial uses including mining, LNG, Ethanol, industrial and other chemical uses in the pharmaceutical industry.

Lithium Exploration Group (Lithium Exploration Group) Headlines

From GuruFocus

Lithium Exploration Group Announces Closing of Oil Acquisition and Initial Revenue to the Company

By PRNewswire PRNewswire • 11-13-2018

Lithium Exploration Group CEO Discusses Ongoing Operations in a Q4 Letter to Shareholders

By PRNewswire PRNewswire • 11-26-2018