Globex Mining Enterprises (TSX:GMX) Interest Expense : C$0.00 Mil (TTM As of Dec. 2023)

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What is Globex Mining Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Globex Mining Enterprises's interest expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$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. Globex Mining Enterprises's Operating Income for the three months ended in Dec. 2023 was C$ 2.60 Mil. Globex Mining Enterprises's Interest Expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. Globex Mining Enterprises 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.

Globex Mining Enterprises Interest Expense Historical Data

The historical data trend for Globex Mining Enterprises'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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Globex Mining Enterprises Interest Expense Chart

Globex Mining Enterprises Annual Data

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Interest Expense

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Globex Mining Enterprises Quarterly Data
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Globex Mining Enterprises 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$0.00 Mil.

Globex Mining Enterprises (TSX:GMX) 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.

Globex Mining Enterprises's Interest Expense for the three months ended in Dec. 2023 was C$0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$2.60 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.00 Mil.

Globex Mining Enterprises's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Globex Mining Enterprises had no long-term debt ⁽¹⁾.

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

Good Sign:

Globex Mining Enterprises Inc has no debt.

Globex Mining Enterprises (TSX:GMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Globex Mining Enterprises Inc (TSX:GMX) » Definitions » Interest Expense

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GLBXF:USA G1MN:Germany

Address

89 Belsize Drive, Toronto, ON, CAN, M4S 1L3

Website

https://www.globexmining.com

Globex Mining Enterprises Inc is a Canada-based exploration company. The company is engaged in the acquisition, development, and exploration of mineral properties in North America. The company's mineral portfolio consists of early to mid-stage exploration, development and royalty properties which contain Base Metals, Specialty Metals and Minerals and Industrial Minerals.

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