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Nevada Lithium Resources (XCNQ:NVLH) Interest Expense : C$-0.03 Mil (TTM As of Jan. 2024)


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What is Nevada Lithium Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nevada Lithium Resources's interest expense for the three months ended in Jan. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was C$-0.03 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. Nevada Lithium Resources's Operating Income for the three months ended in Jan. 2024 was C$ -1.01 Mil. Nevada Lithium Resources's Interest Expense for the three months ended in Jan. 2024 was C$ 0.00 Mil. Nevada Lithium 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.


Nevada Lithium Resources Interest Expense Historical Data

The historical data trend for Nevada Lithium 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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Nevada Lithium Resources Interest Expense Chart

Nevada Lithium Resources Annual Data
Trend Apr21 Apr22 Apr23
Interest Expense
- - -0.02

Nevada Lithium Resources Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -0.01 -0.01 -0.02 - -

Nevada Lithium 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.03 Mil.

* 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.


Nevada Lithium Resources  (XCNQ:NVLH) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Nevada Lithium Resources's Interest Expense for the three months ended in Jan. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$-1.01 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$0.00 Mil.

Nevada Lithium Resources's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Nevada Lithium Resources had no long-term debt (1).

* 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.

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


Nevada Lithium Resources (XCNQ:NVLH) Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 1500, Royal Centre, Po Box 11117, Vancouver, BC, CAN, V6E 4N7
Nevada Lithium Resources Inc is in the business of the exploration and evaluation of mineral properties. Its project involves the Bonnie Claire Project is located within a flat-bottomed salt basin that is surrounded by a complete pattern of mountain ranges.
Executives
Marcel Boekhoorn 10% Security Holder

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