Goldbank Mining (TSXV:GLB) Interest Expense : C$-2.03 Mil (TTM As of Dec. 2023)

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What is Goldbank Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Goldbank Mining's interest expense for the three months ended in Dec. 2023 was C$ -0.49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-2.03 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. Goldbank Mining's Operating Income for the three months ended in Dec. 2023 was C$ -0.66 Mil. Goldbank Mining's Interest Expense for the three months ended in Dec. 2023 was C$ -0.49 Mil. Goldbank Mining 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.

Goldbank Mining Interest Expense Historical Data

The historical data trend for Goldbank Mining'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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Goldbank Mining Interest Expense Chart

Goldbank Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.35

-1.29

-1.62

-1.97

-2.03

Goldbank Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.48	-0.50	-0.50	-0.53	-0.49

Goldbank Mining 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.03 Mil.

Goldbank Mining (TSXV:GLB) 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.

Goldbank Mining's Interest Expense for the three months ended in Dec. 2023 was C$-0.49 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-0.66 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.00 Mil.

Goldbank Mining's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Goldbank Mining did not have earnings to cover the interest expense.

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

Goldbank Mining (TSXV:GLB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldbank Mining Corp (TSXV:GLB) » Definitions » Interest Expense

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GLBKF:USA

Address

889 West Pender Street, Suite 702, Vancouver, BC, CAN, V6C 3B2

Website

https://www.goldbankmining.com

Goldbank Mining Corp is an exploration stage company which is engaged in the process of exploring its mineral property in Canada. The company is involved in the exploration and development in the Yukon including the Leota Gold project which includes hard rock mining claims of Gold properties in the Klondike region of the Yukon Territories, Canada, and the Hasenfuss. It operates in one industry and geographic segment, the mineral resource industry with all current exploration activities conducted in Canada.

Executives

Francesco Joseph Garofalo

Director

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