Collective Mining (Collective Mining) Interest Expense : $-0.02 Mil (TTM As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Collective Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Collective Mining's interest expense for the three months ended in Dec. 2023 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.02 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. Collective Mining's Operating Income for the three months ended in Dec. 2023 was $ -6.52 Mil. Collective Mining's Interest Expense for the three months ended in Dec. 2023 was $ -0.01 Mil. Collective Mining 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.

Collective Mining Interest Expense Historical Data

The historical data trend for Collective Mining'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.

* Premium members only.

Collective Mining Interest Expense Chart

Collective Mining Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.02

-0.03

-0.02

Collective Mining Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial									-0.01	-0.01	-	-	-0.01

Collective Mining 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.02 Mil.

Collective Mining (OTCPK:CNLMF) 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.

Collective Mining's Interest Expense for the three months ended in Dec. 2023 was $-0.01 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-6.52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.09 Mil.

Collective Mining's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Collective Mining did not have earnings to cover the interest expense.

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

Collective Mining (Collective Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Collective Mining Ltd (OTCPK:CNLMF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CNL:Canada

Address

82 Richmond Street East, 4th Floor, Toronto, ON, CAN, M5C 1P1

Website

https://www.collectivemining.com

Collective Mining Ltd is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. The company currently has 100% interest in two projects located in Colombia, namely, Guayabales and San Antonio. The company is responsible for discovering, permitting and constructing the gold mine in Colombia. The company is rapidly advancing exploration on large-scale copper-gold-molybdenum porphyry targets in the mining-friendly department of Caldas in Colombia. Drilling is underway at the Guayabales project which is strategically located contiguous to the Marmato deposit, with initial assay results ongoing.

Collective Mining (Collective Mining) Headlines

From GuruFocus

The Power Play by The Market Herald Releases New Interview with Collective Mining

By ACCESSWIRE ACCESSWIRE • 08-30-2022

Collective Mining to Attend Virtual Mines & Money London Conference on December 1-2, 2021

By GlobeNewswire GlobeNewswire • 11-22-2021