Prospect Ridge Resources (XCNQ:PRR) Interest Expense : C$-0.01 Mil (TTM As of Feb. 2024)

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What is Prospect Ridge Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prospect Ridge Resources'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$-0.01 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. Prospect Ridge Resources's Operating Income for the three months ended in Feb. 2024 was C$ -0.39 Mil. Prospect Ridge Resources's Interest Expense for the three months ended in Feb. 2024 was C$ -0.00 Mil. Prospect Ridge Resources 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.

Prospect Ridge Resources Interest Expense Historical Data

The historical data trend for Prospect Ridge 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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Prospect Ridge Resources Interest Expense Chart

Prospect Ridge Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Interest Expense

-0.01

Prospect Ridge Resources Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial								-	-	-	-	-

Prospect Ridge 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.01 Mil.

Prospect Ridge Resources (XCNQ:PRR) 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.

Prospect Ridge Resources's Interest Expense for the three months ended in Feb. 2024 was C$-0.00 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-0.39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$0.14 Mil.

Prospect Ridge Resources's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Prospect Ridge Resources did not have earnings to cover the interest expense.

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

Prospect Ridge Resources (XCNQ:PRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prospect Ridge Resources Corp (XCNQ:PRR) » Definitions » Interest Expense

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Traded in Other Exchanges

PRRSF:USA

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.prospectridgeresources.com

Prospect Ridge Resources Corp is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral projects in North America. The company's material property is the Galinee Project, consisting of 15 contiguous mineral claims covering an area of approximately 839.45 hectares in the province of Quebec. It also holds interest in Holy Grail Property which is located north of Terrace, BC. It started the project Knauss Creek Property.

Executives

Michael Alexander Iverson	Director, Senior Officer
Yan Ducharme	Senior Officer

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