Galore Resources (TSXV:GRI) Interest Expense : C$-0.30 Mil (TTM As of Dec. 2023)

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What is Galore Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Galore Resources's interest expense for the three months ended in Dec. 2023 was C$ -0.11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.30 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. Galore Resources's Operating Income for the three months ended in Dec. 2023 was C$ -0.13 Mil. Galore Resources's Interest Expense for the three months ended in Dec. 2023 was C$ -0.11 Mil. Galore Resources 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.

Galore Resources Interest Expense Historical Data

The historical data trend for Galore Resources'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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Galore Resources Interest Expense Chart

Galore Resources Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Interest Expense

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-0.03

-0.08

-0.14

-0.21

-0.23

Galore Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.07	-0.08	-0.09	-0.10	-0.11

Galore Resources 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$-0.30 Mil.

Galore Resources (TSXV:GRI) 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.

Galore Resources's Interest Expense for the three months ended in Dec. 2023 was C$-0.11 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-0.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.00 Mil.

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

Galore Resources did not have earnings to cover the interest expense.

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

Galore Resources (TSXV:GRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galore Resources Inc (TSXV:GRI) » Definitions » Interest Expense

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GALOF:USA

Address

1125 Howe Street, Suite 1400, Vancouver, BC, CAN, V6Z 2K8

Website

https://www.galoreresources.com

Galore Resources Inc is a junior mineral exploration company. The company is engaged in the acquisition and exploration of mineral property interests in North America. The company holds an interest in the Dos Santos project located in northern Zacatecas State, Mexico.

Executives

Charles Troup

Director