Nickel 28 Capital (Nickel 28 Capital) Interest Expense : $-2.96 Mil (TTM As of Oct. 2023)

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What is Nickel 28 Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nickel 28 Capital's interest expense for the three months ended in Oct. 2023 was $ -0.61 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was $-2.96 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. Nickel 28 Capital's Operating Income for the three months ended in Oct. 2023 was $ -1.98 Mil. Nickel 28 Capital's Interest Expense for the three months ended in Oct. 2023 was $ -0.61 Mil. Nickel 28 Capital 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.

Nickel 28 Capital Interest Expense Historical Data

The historical data trend for Nickel 28 Capital'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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Nickel 28 Capital Interest Expense Chart

Nickel 28 Capital Annual Data

Trend

Dec19

Dec20

Jan22

Jan23

Interest Expense

-5.37

-4.33

-3.71

Nickel 28 Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Interest Expense	Get a 7-Day Free Trial											-0.91	-0.93	-0.71	-0.72	-0.61

Nickel 28 Capital 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 Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.96 Mil.

Nickel 28 Capital (OTCPK:CONXF) 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.

Nickel 28 Capital's Interest Expense for the three months ended in Oct. 2023 was $-0.61 Mil. Its Operating Income for the three months ended in Oct. 2023 was $-1.98 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2023 was $37.96 Mil.

Nickel 28 Capital's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Nickel 28 Capital did not have earnings to cover the interest expense.

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

Nickel 28 Capital (Nickel 28 Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel 28 Capital Corp (OTCPK:CONXF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

3JC:Germany NKL:Canada

Address

155 University Avenue, Suite 1240, Toronto, ON, CAN, M5H 3B7

Website

https://www.nickel28.com

Nickel 28 Capital Corp is a nickel-cobalt producer in Canada. Nickel-cobalt production comes from its joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea provides it with significant attributable nickel and cobalt production thereby offering shareholders direct exposure to two metals that are critical to the adoption of electric vehicles. In addition, the company manages a portfolio of around 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia, and Papua New Guinea.