Arizona Sonoran Copper Co (TSX:ASCU) Interest Expense : C$-1.27 Mil (TTM As of Dec. 2023)

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What is Arizona Sonoran Copper Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Arizona Sonoran Copper Co's interest expense for the three months ended in Dec. 2023 was C$ -0.34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-1.27 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. Arizona Sonoran Copper Co's Operating Income for the three months ended in Dec. 2023 was C$ -3.44 Mil. Arizona Sonoran Copper Co's Interest Expense for the three months ended in Dec. 2023 was C$ -0.34 Mil. Arizona Sonoran Copper Co 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.

Arizona Sonoran Copper Co Interest Expense Historical Data

The historical data trend for Arizona Sonoran Copper Co'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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Arizona Sonoran Copper Co Interest Expense Chart

Arizona Sonoran Copper Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-3.02

-5.10

-0.51

-0.66

Arizona Sonoran Copper Co Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial											0.05	-0.20	-	-0.73	-0.34

Arizona Sonoran Copper Co 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 C$-1.27 Mil.

Arizona Sonoran Copper Co (TSX:ASCU) 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.

Arizona Sonoran Copper Co's Interest Expense for the three months ended in Dec. 2023 was C$-0.34 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-3.44 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.00 Mil.

Arizona Sonoran Copper Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Arizona Sonoran Copper Co did not have earnings to cover the interest expense.

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

Arizona Sonoran Copper Co (TSX:ASCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arizona Sonoran Copper Co Inc (TSX:ASCU) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ASCUF:USA H6F:Germany

Address

Simpson Tower, 401 Bay Street, Suite 2704, Box Number 4, Toronto, ON, CAN, M5H 2Y4

Website

https://www.arizonasonoran.com

Arizona Sonoran Copper Co Inc is a mineral exploration company. It owns interests in the Cactus Project, located to the southeast of the Phoenix metropolitan area, on private land in Pinal County, Arizona.

Executives

Alan R. Edwards	Director
Sarah Ann Strunk	Director

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