Majestic Gold (TSXV:MJS) Interest Expense : C$-0.45 Mil (TTM As of Mar. 2024)

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What is Majestic Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Majestic Gold's interest expense for the three months ended in Mar. 2024 was C$ -0.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.45 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. Majestic Gold's Operating Income for the three months ended in Mar. 2024 was C$ 9.01 Mil. Majestic Gold's Interest Expense for the three months ended in Mar. 2024 was C$ -0.10 Mil. Majestic Gold's Interest Coverage for the quarter that ended in Mar. 2024 was 87.48. 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.

Majestic Gold Interest Expense Historical Data

The historical data trend for Majestic Gold'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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Majestic Gold Interest Expense Chart

Majestic Gold Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.12

-0.85

-0.63

-0.47

-0.48

Majestic Gold Quarterly Data
	Dec18	Mar19	Jun19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.13	-0.13	-0.11	-0.11	-0.10

Majestic Gold 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$-0.45 Mil.

Majestic Gold (TSXV:MJS) 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.

Majestic Gold's Interest Expense for the three months ended in Mar. 2024 was C$-0.10 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$9.01 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.03 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	9.01	/	-0.103
	=	87.48

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

Majestic Gold (TSXV:MJS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Majestic Gold Corp (TSXV:MJS) » Definitions » Interest Expense

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MJGCF:USA MJT:Germany

Address

306 - 1688 152nd Street, Surrey, BC, CAN, V4A 4N2

Website

https://www.majesticgold.com

Majestic Gold Corp is a mining company focused on the exploration, development and operation of mining properties in China, Australia and Canada. The company operates the Songjiagou open-pit gold mine in the eastern Chinese province of Shandong.

Executives

James Mackie

Senior Officer

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