South Pacific Metals (TSXV:SPMC) Interest Expense : C$-0.05 Mil (TTM As of Mar. 2024)

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What is South Pacific Metals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. South Pacific Metals's interest expense for the three months ended in Mar. 2024 was C$ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.05 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. South Pacific Metals's Operating Income for the three months ended in Mar. 2024 was C$ -0.21 Mil. South Pacific Metals's Interest Expense for the three months ended in Mar. 2024 was C$ -0.05 Mil. South Pacific Metals 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.

South Pacific Metals Interest Expense Historical Data

The historical data trend for South Pacific Metals'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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South Pacific Metals Interest Expense Chart

South Pacific Metals Annual Data

Trend

Nov20

Dec22

Dec23

Interest Expense

-0.13

South Pacific Metals Quarterly Data
	Feb20	Jun20	Nov20	Feb21	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial										-	-	-	-	-0.05

South Pacific Metals 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$-0.05 Mil.

South Pacific Metals (TSXV:SPMC) 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.

South Pacific Metals's Interest Expense for the three months ended in Mar. 2024 was C$-0.05 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-0.21 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.00 Mil.

South Pacific Metals's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

South Pacific Metals did not have earnings to cover the interest expense.

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

South Pacific Metals (TSXV:SPMC) Business Description

Industry

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KRLCF:USA 6J0:Germany

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.kainanturesources.com

Kainantu Resources Ltd is an Asia-Pacific-focused gold mining company engaged in the acquisition, exploration and development of exploration and evaluation assets in PNG. Its projects are KRL North and South and May River project. It has one operating segment which is the acquisition, exploration and development of exploration and evaluation assets in PNG.

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