ProAm Explorations (TSXV:PMX) Interest Expense : C$0.00 Mil (TTM As of Dec. 2023)

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What is ProAm Explorations Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ProAm Explorations'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. ProAm Explorations's Operating Income for the three months ended in Dec. 2023 was C$ -0.02 Mil. ProAm Explorations's Interest Expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. ProAm Explorations has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

ProAm Explorations Interest Expense Historical Data

The historical data trend for ProAm Explorations'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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ProAm Explorations Interest Expense Chart

ProAm Explorations Annual Data

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Interest Expense

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ProAm Explorations Quarterly Data
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ProAm Explorations 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.

ProAm Explorations (TSXV:PMX) 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.

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

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

ProAm Explorations had no long-term debt ⁽¹⁾.

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

ProAm Explorations (TSXV:PMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProAm Explorations Corp (TSXV:PMX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

867 West 3rd Street, North Vancouver, Vancouver, BC, CAN, V7P 1E2

Website

ProAm Explorations Corp is a junior mineral and oil and natural gas exploration and development company. It operates in Canada and the United States. Mineral exploration is focused in the USA Canada while little oil and natural gas activity has been pursued. The company is a junior exploration company putting its emphasis on mineral properties as economic conditions in natural gas markets have been unsettled. It has a single operating segment the acquisition, exploration and development of resource properties.

Executives

Glencoe-macdonald Holdings Ltd.	10% Security Holder
Donald Leo Macdonald	Senior Officer
Macdonald Maureen	Director or Senior Officer of 10% Security Holder