NGEx Minerals (TSX:NGEX) Interest Expense : C$-0.07 Mil (TTM As of Mar. 2024)

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What is NGEx Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NGEx Minerals's interest expense for the three months ended in Mar. 2024 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.07 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. NGEx Minerals's Operating Income for the three months ended in Mar. 2024 was C$ -24.38 Mil. NGEx Minerals's Interest Expense for the three months ended in Mar. 2024 was C$ -0.01 Mil. NGEx Minerals 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.

NGEx Minerals Interest Expense Historical Data

The historical data trend for NGEx 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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NGEx Minerals Interest Expense Chart

NGEx Minerals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.01

-0.03

-0.14

-0.05

-0.07

NGEx Minerals 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															-0.02	-0.02	-0.02	-0.01	-0.01

NGEx 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.07 Mil.

NGEx Minerals (TSX:NGEX) 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.

NGEx Minerals's Interest Expense for the three months ended in Mar. 2024 was C$-0.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-24.38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

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

NGEx Minerals did not have earnings to cover the interest expense.

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

NGEx Minerals (TSX:NGEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NGEx Minerals Ltd (TSX:NGEX) » Definitions » Interest Expense

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NGXXF:USA 2XM:Germany

Address

885 West Georgia Street, Suite 2000, HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.ngexminerals.com

NGEx Minerals Ltd is engaged in the acquisition, exploration, and development of mineral properties in South America. Its reportable segments are the Los Helados Project, the company's exploration projects in Argentina, other exploration projects, and the Company's corporate administration function.

Executives

Robert Gordon Carmichael

Senior Officer

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