Vertical Exploration (TSXV:VERT) Interest Expense : C$-0.12 Mil (TTM As of Nov. 2023)

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What is Vertical Exploration Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vertical Exploration's interest expense for the three months ended in Nov. 2023 was C$ -0.12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was C$-0.12 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. Vertical Exploration's Operating Income for the three months ended in Nov. 2023 was C$ -0.10 Mil. Vertical Exploration's Interest Expense for the three months ended in Nov. 2023 was C$ -0.12 Mil. Vertical Exploration 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.

Vertical Exploration Interest Expense Historical Data

The historical data trend for Vertical Exploration'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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Vertical Exploration Interest Expense Chart

Vertical Exploration Annual Data

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Interest Expense

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Vertical Exploration Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-0.12

Vertical Exploration 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.12 Mil.

Vertical Exploration (TSXV:VERT) 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.

Vertical Exploration's Interest Expense for the three months ended in Nov. 2023 was C$-0.12 Mil. Its Operating Income for the three months ended in Nov. 2023 was C$-0.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was C$0.00 Mil.

Vertical Exploration's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Vertical Exploration did not have earnings to cover the interest expense.

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

Vertical Exploration (TSXV:VERT) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vertical Exploration Inc (TSXV:VERT) » Definitions » Interest Expense

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CVVRF:USA

Address

789 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6C 1H2

Website

https://www.vertxinc.com

Vertical Exploration Inc is a junior mining company. It is engaged in the acquisition, exploration development, and evaluation of mineral properties in Canada. It has one project namely, St. Onge Wollastonite is located in Quebec, Canada.

Executives

Ernest Brisbane

Director

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