Richmond Minerals (Richmond Minerals) Interest Expense : $-0.01 Mil (TTM As of Nov. 2023)

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What is Richmond Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Richmond 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 $-0.01 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. Richmond Minerals's Operating Income for the three months ended in Nov. 2023 was $ -0.05 Mil. Richmond Minerals's Interest Expense for the three months ended in Nov. 2023 was $ -0.00 Mil. Richmond Minerals 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.

Richmond Minerals Interest Expense Historical Data

The historical data trend for Richmond 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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Richmond Minerals Interest Expense Chart

Richmond Minerals Annual Data

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Interest Expense

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Richmond 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	Get a 7-Day Free Trial															-	-	-	-0.01	-

Richmond 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 $-0.01 Mil.

Richmond Minerals (OTCPK:RMDFF) 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.

Richmond 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 $-0.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was $0.00 Mil.

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

Richmond Minerals did not have earnings to cover the interest expense.

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

Richmond Minerals (Richmond Minerals) Business Description

Industry

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

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Traded in Other Exchanges

R520:Germany RMD:Canada

Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

https://www.richmondminerals.com

Richmond Minerals Inc is a mineral exploration company. It is mainly engaged in base and precious metal mining and related activities, including exploration and development in Northern Ontario and Quebec. The company owns an interest in Probe Mines Borden Lake Gold Properties, Ridley Lake Project, Iamgold Jerome Mines, and Iamgold Cote Lake properties. The Company operates in one industry segment, Junior exploration and evaluation, but operates geographically in two countries, Canada and Austria.

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