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Arras Minerals (TSXV:ARK) Interest Expense : C$0.00 Mil (TTM As of Jan. 2024)


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What is Arras Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Arras Minerals's interest expense for the three months ended in Jan. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$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. Arras Minerals's Operating Income for the three months ended in Jan. 2024 was C$ -1.19 Mil. Arras Minerals's Interest Expense for the three months ended in Jan. 2024 was C$ 0.00 Mil. GuruFocus does not calculate Arras Minerals's interest coverage with the available data. 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.


Arras Minerals Interest Expense Historical Data

The historical data trend for Arras 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.

* Premium members only.

Arras Minerals Interest Expense Chart

Arras Minerals Annual Data
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Interest Expense
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Arras Minerals Quarterly Data
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Arras 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

* 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.


Arras Minerals  (TSXV:ARK) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Arras Minerals's Interest Expense for the three months ended in Jan. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$-1.19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$0.14 Mil.

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

GuruFocus does not calculate Arras Minerals's interest coverage with the available data.

* 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.

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. Arras Minerals Corp has enough cash to cover all of its debt. Its financial situation is stable.


Arras Minerals (TSXV:ARK) Business Description

Traded in Other Exchanges
Address
777 Dunsmuir Street, Suite 1605, PO Box 10414, Vancouver, BC, CAN, V7Y 1K4
Arras Minerals Corp is engaged in the acquisition, exploration, and development of mineral property interests. The company's assets consist of the option to acquire a 100% interest in the Beskauga property (Beskauga) in Kazakhstan. It engages in advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project.
Executives
Darren Ervin Charles Klinck Senior Officer

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