Velox Energy Materials (Velox Energy Materials) Interest Expense : $0.00 Mil (TTM As of Sep. 2023)

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What is Velox Energy Materials Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Velox Energy Materials's interest expense for the three months ended in Sep. 2023 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 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. Velox Energy Materials's Operating Income for the three months ended in Sep. 2023 was $ -0.52 Mil. Velox Energy Materials's Interest Expense for the three months ended in Sep. 2023 was $ 0.00 Mil. Velox Energy Materials 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.

Velox Energy Materials Interest Expense Historical Data

The historical data trend for Velox Energy Materials'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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Velox Energy Materials Interest Expense Chart

Velox Energy Materials Annual Data

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Interest Expense

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Velox Energy Materials Quarterly Data
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Velox Energy Materials 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Velox Energy Materials (OTCPK:CUIRF) 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.

Velox Energy Materials's Interest Expense for the three months ended in Sep. 2023 was $0.00 Mil. Its Operating Income for the three months ended in Sep. 2023 was $-0.52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $0.00 Mil.

Velox Energy Materials's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Velox Energy Materials had no long-term debt ⁽¹⁾.

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

Good Sign:

Velox Energy Materials Inc has no debt.

Velox Energy Materials (Velox Energy Materials) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Velox Energy Materials Inc (OTCPK:CUIRF) » Definitions » Interest Expense

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VLX:Canada

Address

401 Bay Street, P.O. BOX 4, Suite 2704, Toronto, ON, CAN, M5H 2Y4

Website

https://www.veloxenergymaterials.com.au

Velox Energy Materials Inc is an exploration and development company. It has focused on energy materials solutions for the global transition to net zero. The company's immediate focus is the North Queensland Vanadium Project in Queensland, Australia, Kotai Hydrogen project and Mineral Resources and Ore Reserves.

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