Lithium Royalty (TSX:LIRC) Interest Expense : C$-0.34 Mil (TTM As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Lithium Royalty Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lithium Royalty's interest expense for the three months ended in Mar. 2024 was C$ -0.11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.34 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 Royalty's Operating Income for the three months ended in Mar. 2024 was C$ -1.68 Mil. Lithium Royalty's Interest Expense for the three months ended in Mar. 2024 was C$ -0.11 Mil. Lithium Royalty 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 Royalty Interest Expense Historical Data

The historical data trend for Lithium Royalty'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.

* Premium members only.

Lithium Royalty Interest Expense Chart

Lithium Royalty Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.24

Lithium Royalty Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial								-	-	-	-0.24	-0.11

Lithium Royalty 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 C$-0.34 Mil.

Lithium Royalty (TSX:LIRC) 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 Royalty's Interest Expense for the three months ended in Mar. 2024 was C$-0.11 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-1.68 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

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

Lithium Royalty did not have earnings to cover the interest expense.

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

Lithium Royalty (TSX:LIRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Royalty Corp (TSX:LIRC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

LITRF:USA X1Q:Germany

Address

1133 Yonge Street, 5th Floor, Toronto, ON, CAN, M4T 2Y7

Website

https://www.lithiumroyaltycorp.com

Lithium Royalty Corp is a lithium-focused royalty company organized in Canada. The firm with affiliates or joint venture partners has established a portfolio of royalties on mineral properties that supply and are expected to supply raw materials to support the electrification and decarbonization of the global economy.

Executives

Blair Levinsky

Director, Senior Officer

Lithium Royalty (TSX:LIRC) Headlines

No Headlines