Rochester Resources (TSXV:RCT) Interest Expense : C$-0.97 Mil (TTM As of Feb. 2024)

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What is Rochester Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rochester Resources's interest expense for the three months ended in Feb. 2024 was C$ -0.24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was C$-0.97 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. Rochester Resources's Operating Income for the three months ended in Feb. 2024 was C$ -1.31 Mil. Rochester Resources's Interest Expense for the three months ended in Feb. 2024 was C$ -0.24 Mil. Rochester 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.

Rochester Resources Interest Expense Historical Data

The historical data trend for Rochester 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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Rochester Resources Interest Expense Chart

Rochester Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

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-1.07

-1.12

-1.06

-0.96

-0.95

Rochester Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-0.23	-0.25	-0.24	-0.24	-0.24

Rochester 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.97 Mil.

Rochester Resources (TSXV:RCT) 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.

Rochester Resources's Interest Expense for the three months ended in Feb. 2024 was C$-0.24 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-1.31 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$18.75 Mil.

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

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

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

Rochester Resources (TSXV:RCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rochester Resources Ltd (TSXV:RCT) » Definitions » Interest Expense

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RCTFF:USA

Address

1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7

Website

http://www.rochesterresources.com

Rochester Resources Ltd is a Canada-based mineral exploration and development company. Principally, the company is engaged in the business of acquisition, exploration, and development of exploration and evaluation of assets in Mexico. It holds 100% interest in the Mina real and San Francisco properties. The firm operates in one segment being the acquisition, exploration and development of exploration and evaluation assets Its mineral operations are located in Mexico and its corporate assets are located in Canada. It derives revenue from mineral exploration activity in Mexico.

Executives

Jose Manuel Silva

Senior Officer

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