QMC Quantum Minerals (QMC Quantum Minerals) Interest Expense : $0.00 Mil (TTM As of Feb. 2024)

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What is QMC Quantum Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. QMC Quantum Minerals's interest expense for the three months ended in Feb. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $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. QMC Quantum Minerals's Operating Income for the three months ended in Feb. 2024 was $ -0.07 Mil. QMC Quantum Minerals's Interest Expense for the three months ended in Feb. 2024 was $ 0.00 Mil. QMC Quantum Minerals 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.

QMC Quantum Minerals Interest Expense Historical Data

The historical data trend for QMC Quantum Minerals'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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QMC Quantum Minerals Interest Expense Chart

QMC Quantum Minerals Annual Data

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Interest Expense

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QMC Quantum Minerals Quarterly Data
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QMC Quantum Minerals 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

QMC Quantum Minerals (OTCPK:QMCQF) 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.

QMC Quantum Minerals's Interest Expense for the three months ended in Feb. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Feb. 2024 was $-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $0.00 Mil.

QMC Quantum Minerals's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

QMC Quantum Minerals had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. QMC Quantum Minerals Corp has enough cash to cover all of its debt. Its financial situation is stable.

QMC Quantum Minerals (QMC Quantum Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » QMC Quantum Minerals Corp (OTCPK:QMCQF) » Definitions » Interest Expense

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QMC:Canada

Address

755 Burrard Street, Suite 440, Vancouver, BC, CAN, V6Z 1X6

Website

https://www.qmcminerals.com

QMC Quantum Minerals Corp is a company engaged in the acquisition, exploration and development of resource properties. Its objective is to acquire, locate and develop economic deposits within the company's precious, base, rare metal resource properties of merit. The company's properties include the Irgon Lithium Mine Project, the Rocky Lake property, Rocky-Namew and Namew Lake properties.