Grounded Lithium (TSXV:GRD) Interest Expense : C$-0.01 Mil (TTM As of Mar. 2024)

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What is Grounded Lithium Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grounded Lithium's interest expense for the three months ended in Mar. 2024 was C$ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.01 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. Grounded Lithium's Operating Income for the three months ended in Mar. 2024 was C$ -0.51 Mil. Grounded Lithium's Interest Expense for the three months ended in Mar. 2024 was C$ -0.00 Mil. Grounded Lithium 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.

Grounded Lithium Interest Expense Historical Data

The historical data trend for Grounded Lithium'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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Grounded Lithium Interest Expense Chart

Grounded Lithium Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.20

-0.01

Grounded Lithium Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial							-	-	-	-	-

Grounded Lithium 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$-0.01 Mil.

Grounded Lithium (TSXV:GRD) 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.

Grounded Lithium's Interest Expense for the three months ended in Mar. 2024 was C$-0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

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

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

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

Grounded Lithium (TSXV:GRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grounded Lithium Corp (TSXV:GRD) » Definitions » Interest Expense

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GRDAF:USA

Address

500, 400-5th Avenue SW, Calgary, AB, CAN, T2P 0L6

Website

https://www.groundedlithium.com

Grounded Lithium Corp is a lithium resource company focused on supplying lithium to the rapidly developing electricity-powered economy. It controls approximately 2.9 million tonnes of lithium carbonate equivalent over its focused land holdings in Southwest Saskatchewan.

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