McChip Resources (TSXV:MCS) Interest Expense : C$0.00 Mil (TTM As of Dec. 2023)

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What is McChip Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. McChip Resources's interest expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 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. McChip Resources's Operating Income for the three months ended in Dec. 2023 was C$ 0.21 Mil. McChip Resources's Interest Expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. GuruFocus does not calculate McChip Resources'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.

McChip Resources Interest Expense Historical Data

The historical data trend for McChip 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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McChip Resources Interest Expense Chart

McChip Resources Annual Data

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Interest Expense

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McChip Resources Quarterly Data
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McChip 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$0.00 Mil.

McChip Resources (TSXV:MCS) 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.

McChip Resources's Interest Expense for the three months ended in Dec. 2023 was C$0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$0.21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.02 Mil.

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

GuruFocus does not calculate McChip Resources's interest coverage with the available data.

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. McChip Resources Inc has enough cash to cover all of its debt. Its financial situation is stable.

McChip Resources (TSXV:MCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » McChip Resources Inc (TSXV:MCS) » Definitions » Interest Expense

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Traded in Other Exchanges

MCCHF:USA

Address

130 Adelaide Street West, Suite 1910, Box 18 - Richmond Adelaide Centre, Toronto, ON, CAN, M5H 3P5

Website

McChip Resources Inc is engaged in the natural resource industry. The company invests in petroleum interests in Western Canada, as well as direct and indirect interests in minerals.

Executives

Richard Duncan Mccloskey

Director, Senior Officer