West Red Lake Gold Mines (TSXV:WRLG) Interest Expense : C$-0.04 Mil (TTM As of Feb. 2024)

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What is West Red Lake Gold Mines Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. West Red Lake Gold Mines's interest expense for the three months ended in Feb. 2024 was C$ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was C$-0.04 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. West Red Lake Gold Mines's Operating Income for the three months ended in Feb. 2024 was C$ -15.25 Mil. West Red Lake Gold Mines's Interest Expense for the three months ended in Feb. 2024 was C$ -0.03 Mil. West Red Lake Gold Mines 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.

West Red Lake Gold Mines Interest Expense Historical Data

The historical data trend for West Red Lake Gold Mines'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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West Red Lake Gold Mines Interest Expense Chart

West Red Lake Gold Mines Annual Data

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Interest Expense

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-0.01

West Red Lake Gold Mines 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															-	-	-	-0.01	-0.03

West Red Lake Gold Mines 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$-0.04 Mil.

West Red Lake Gold Mines (TSXV:WRLG) 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.

West Red Lake Gold Mines's Interest Expense for the three months ended in Feb. 2024 was C$-0.03 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-15.25 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$1.18 Mil.

West Red Lake Gold Mines's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

West Red Lake Gold Mines did not have earnings to cover the interest expense.

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

West Red Lake Gold Mines (TSXV:WRLG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » West Red Lake Gold Mines Ltd (TSXV:WRLG) » Definitions » Interest Expense

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WRLGF:USA UJ0:Germany

Address

595 Burrard Street, Suite 3123, Toronto, ON, CAN, V7X 1J1

Website

https://www.westredlakegold.com

West Red Lake Gold Mines Ltd is engaged in the exploration and development of the West Red Lake Project located in the Red Lake Gold District of Northwestern Ontario, Canada.

Executives

Frank Giustra

10% Security Holder

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