Vantex Resources (TSXV:VAX) Interest Expense : C$0.00 Mil (TTM As of Oct. 2023)

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What is Vantex Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vantex Resources's interest expense for the three months ended in Oct. 2023 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 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. Vantex Resources's Operating Income for the three months ended in Oct. 2023 was C$ -0.11 Mil. Vantex Resources's Interest Expense for the three months ended in Oct. 2023 was C$ 0.00 Mil. Vantex Resources 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.

Vantex Resources Interest Expense Historical Data

The historical data trend for Vantex 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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Vantex Resources Interest Expense Chart

Vantex Resources Annual Data

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Interest Expense

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Vantex Resources Quarterly Data
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Vantex 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Vantex Resources (TSXV:VAX) 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.

Vantex Resources's Interest Expense for the three months ended in Oct. 2023 was C$0.00 Mil. Its Operating Income for the three months ended in Oct. 2023 was C$-0.11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2023 was C$0.00 Mil.

Vantex Resources's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Vantex Resources 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. Vantex Resources Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Vantex Resources (TSXV:VAX) Business Description

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

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VANTF:USA

Address

400 - 837 West Hastings Street, Vancouver, BC, CAN, V6C3N6

Website

https://www.vantexresources.com

Vantex Resources Ltd is a Canadian company that is engaged in the acquisition, exploration, and development of mining properties. The company owns an interest in the Galloway project which includes several properties Hurd, Ogima North, Sandborn, Perron, Francoeur, Cadillac Rang III and Renault Bay among others.

Executives

Anthony Jackson

Director, Senior Officer

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