Tactical Resources (TSXV:RARE) Interest Expense : C$-0.03 Mil (TTM As of Jan. 2024)

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What is Tactical Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tactical Resources's interest expense for the three months ended in Jan. 2024 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$-0.03 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. Tactical Resources's Operating Income for the three months ended in Jan. 2024 was C$ -0.24 Mil. Tactical Resources's Interest Expense for the three months ended in Jan. 2024 was C$ -0.01 Mil. Tactical 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.

Tactical Resources Interest Expense Historical Data

The historical data trend for Tactical 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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Tactical Resources Interest Expense Chart

Tactical Resources Annual Data

Trend

Jul21

Jul22

Jul23

Interest Expense

Tactical Resources Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial							-	-	-	-0.01	-0.01

Tactical 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.03 Mil.

Tactical Resources (TSXV:RARE) 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.

Tactical Resources's Interest Expense for the three months ended in Jan. 2024 was C$-0.01 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$-0.24 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$0.00 Mil.

Tactical Resources's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

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

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

Tactical Resources (TSXV:RARE) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tactical Resources Corp (TSXV:RARE) » Definitions » Interest Expense

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USREF:USA

Address

1055 West Georgia Street, 1500 Royal Centre, Vancouver, BC, CAN, V6E 4N7

Website

https://www.tacticalresources.com

Tactical Resources Corp is an exploration & development company focused on the rare earth elements (REE) that drive the green technologies of the future. Its projects include Lac Ducharme Project, Peak Project, and SAM Gold Project.