Rift Valley Resources (XCNQ:RVR) Interest Expense : C$0.00 Mil (TTM As of Sep. 2022)

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What is Rift Valley Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rift Valley Resources's interest expense for the three months ended in Sep. 2022 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 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. Rift Valley Resources's Operating Income for the three months ended in Sep. 2022 was C$ -0.03 Mil. Rift Valley Resources's Interest Expense for the three months ended in Sep. 2022 was C$ 0.00 Mil. Rift Valley 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.

Rift Valley Resources Interest Expense Historical Data

The historical data trend for Rift Valley 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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Rift Valley Resources Interest Expense Chart

Rift Valley Resources Annual Data

Trend

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Interest Expense

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Rift Valley Resources Quarterly Data
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Rift Valley 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Rift Valley Resources (XCNQ:RVR) 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.

Rift Valley Resources's Interest Expense for the three months ended in Sep. 2022 was C$0.00 Mil. Its Operating Income for the three months ended in Sep. 2022 was C$-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was C$0.00 Mil.

Rift Valley Resources's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Rift Valley Resources had no long-term debt ⁽¹⁾.

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

Rift Valley Resources (XCNQ:RVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Rift Valley Resources Corp (XCNQ:RVR) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

1681 Chestnut Street, Number 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.riftvalleyresources.ca

Rift Valley Resources Corp is engaged in the evaluation of a wireless service business and other business opportunities. It provides Fixed and Portable wireless broadband. The company also develops QwikCom portable wireless broadband and surveillance system for remote communications, disaster recovery and facility/border surveillance.

Executives

Griffin Jones

Director