Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Galway Metals's interest expense for the
three
months ended in Sep. 2021 was $ 0.00 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Sep. 2021 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. Galway Metals's Operating Income for the
three
months ended in Sep. 2021 was $ -3.99 Mil. Galway Metals's Interest Expense for the
three
months ended in Sep. 2021 was $ 0.00 Mil.
GuruFocus does not calculate Galway Metals's interest coverage with the available data.
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.
Galway Metals 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.
* 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.
Galway Metals (OTCPK:GAYMF) Interest Expense Explanation
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. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Galway Metals's Interest Expense for the
three
months ended in Sep. 2021 was $0.00 Mil. Its
Operating Income
for the
three
months ended in Sep. 2021 was $-3.99 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Sep. 2021 was $0.14 Mil.
Galway Metals's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as
| GuruFocus does not calculate Galway Metals's interest coverage with the available data. |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies interest coverage is at least 5. Galway Metals Inc has enough cash to cover all of its debt. Its financial situation is stable.
Galway Metals Business Description
Traded in Other Exchanges
Address
82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1
Galway Metals Inc is an exploration-stage company. It is in the process of exploring for, and delineating resources at the Clarence Stream and Estrades gold projects, located in Canada's jurisdictions of New Brunswick and Quebec, respectively. The company's only operating segment is the acquisition, exploration, and development of mineral resource properties. It explores for gold at Clarence Stream and gold, silver, zinc, copper, and lead at Estrades.
Galway Metals Headlines
By Seekingalpha 2021-02-14
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