Magna Terra Minerals (Magna Terra Minerals) Interest Expense

: $0.00 Mil (TTM As of Nov. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magna Terra Minerals's interest expense for the three months ended in Nov. 2023 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was $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. Magna Terra Minerals's Operating Income for the three months ended in Nov. 2023 was $ -0.14 Mil. Magna Terra Minerals's Interest Expense for the three months ended in Nov. 2023 was $ 0.00 Mil. Magna Terra Minerals 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.

Magna Terra Minerals Interest Expense Historical Data

The historical data trend for Magna Terra Minerals'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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Magna Terra Minerals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

-0.02

Magna Terra Minerals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Interest Expense																-	-	-	-	-

Magna Terra Minerals 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Magna Terra Minerals (OTCPK:BRIOF) 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.

Magna Terra Minerals's Interest Expense for the three months ended in Nov. 2023 was $0.00 Mil. Its Operating Income for the three months ended in Nov. 2023 was $-0.14 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was $0.00 Mil.

Magna Terra Minerals's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Magna Terra Minerals had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Magna Terra Minerals Inc has enough cash to cover all of its debt. Its financial situation is stable.

Magna Terra Minerals (Magna Terra Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Terra Minerals Inc (OTCPK:BRIOF) » Definitions » Interest Expense

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MTT:Canada

Address

20 Adelaide Street East, Suite 915, Toronto, ON, CAN, M5C 2T6

Website

http://www.magnaterraminerals.com

Magna Terra Minerals Inc is a Canada-based precious metals focused exploration company. Magna Terra owns two district-scale, resource-stage gold exploration projects in the top-tier mining jurisdictions of New Brunswick and Newfoundland and Labrador. Principally, it is engaged in the business of acquisition and exploration of mining properties in Argentina and Canada. Its project includes Atlantic Canada; Santa Cruz and Quebec projects.