NextSource Materials (TSX:NEXT) Interest Expense : C$-1.37 Mil (TTM As of Mar. 2024)

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What is NextSource Materials Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NextSource Materials's interest expense for the three months ended in Mar. 2024 was C$ -0.50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-1.37 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. NextSource Materials's Operating Income for the three months ended in Mar. 2024 was C$ -2.59 Mil. NextSource Materials's Interest Expense for the three months ended in Mar. 2024 was C$ -0.50 Mil. NextSource Materials 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.

NextSource Materials Interest Expense Historical Data

The historical data trend for NextSource Materials'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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NextSource Materials Interest Expense Chart

NextSource Materials Annual Data

Trend

Jun14

Jun15

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Jun19

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Jun23

Interest Expense

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-0.02

-0.59

NextSource Materials 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															-0.15	-0.41	-0.43	-0.03	-0.50

NextSource Materials 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$-1.37 Mil.

NextSource Materials (TSX:NEXT) 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.

NextSource Materials's Interest Expense for the three months ended in Mar. 2024 was C$-0.50 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-2.59 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$14.70 Mil.

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

NextSource Materials did not have earnings to cover the interest expense.

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

NextSource Materials (TSX:NEXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NextSource Materials Inc (TSX:NEXT) » Definitions » Interest Expense

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NSRCF:USA 1JWA:Germany

Address

130 King Street West, Exchange Tower, Suite 1940, Toronto, ON, CAN, M5X 2A2

Website

https://www.nextsourcematerials.com

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite. The company also holds an interest in Green Giant Vanadium Project.

Executives

Quentin Yarie

Director