POWR Lithium (XCNQ:POWR) Interest Expense : C$0.00 Mil (TTM As of Feb. 2024)

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What is POWR Lithium Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. POWR Lithium's interest expense for the three months ended in Feb. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 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. POWR Lithium's Operating Income for the three months ended in Feb. 2024 was C$ -1.05 Mil. POWR Lithium's Interest Expense for the three months ended in Feb. 2024 was C$ 0.00 Mil. POWR Lithium 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.

POWR Lithium Interest Expense Historical Data

The historical data trend for POWR Lithium'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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POWR Lithium Interest Expense Chart

POWR Lithium Annual Data

Trend

Aug21

Aug22

Aug23

Interest Expense

POWR Lithium Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial							-	-	-	-	-

POWR Lithium 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$0.00 Mil.

POWR Lithium (XCNQ:POWR) 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.

POWR Lithium's Interest Expense for the three months ended in Feb. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-1.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$0.00 Mil.

POWR Lithium's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

POWR Lithium had no long-term debt ⁽¹⁾.

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

Good Sign:

POWR Lithium Corp has no debt.

POWR Lithium (XCNQ:POWR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » POWR Lithium Corp (XCNQ:POWR) » Definitions » Interest Expense

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PWRLF:USA 6JX:Germany

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.powrlithium.com

POWR Lithium Corp is a new mineral exploration and development company focused on American lithium deposits to support domestic demand. It is predominantly engaged in the business of mineral exploration and the development of the ELi Property and the Halo Project.

POWR Lithium (XCNQ:POWR) Headlines

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