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Northern Graphite (TSXV:NGC) Interest Expense : C$-5.49 Mil (TTM As of Sep. 2023)


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What is Northern Graphite Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Northern Graphite's interest expense for the three months ended in Sep. 2023 was C$ -1.17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was C$-5.49 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. Northern Graphite's Operating Income for the three months ended in Sep. 2023 was C$ -3.96 Mil. Northern Graphite's Interest Expense for the three months ended in Sep. 2023 was C$ -1.17 Mil. Northern Graphite 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.

Northern Graphite Interest Expense Historical Data

The historical data trend for Northern Graphite'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.

* Premium members only.

Northern Graphite Interest Expense Chart

Northern Graphite Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - -0.02 -3.33

Northern Graphite Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.56 -1.76 -1.21 -1.36 -1.17

Northern Graphite 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 C$-5.49 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.

Northern Graphite  (TSXV:NGC) 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.

Northern Graphite's Interest Expense for the three months ended in Sep. 2023 was C$-1.17 Mil. Its Operating Income for the three months ended in Sep. 2023 was C$-3.96 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was C$18.61 Mil.

Northern Graphite's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Northern Graphite did not have earnings to cover the interest expense.

* 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.

Northern Graphite (TSXV:NGC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northern Graphite Corp (TSXV:NGC) » Definitions » Interest Expense
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Address
1000 Innovation Drive, Suite 500, Ottawa, ON, CAN, K2K 3E7
Website
https://www.northerngraphite.com
Northern Graphite Corp is a Canada-based exploration stage company engaged in the exploration and development of mineral resource properties. The company is focused on producing natural graphite and upgrading it into high-value products critical to the green economy including anode material for lithium-ion batteries/EVs, fuel cells, and graphene, as well as advanced industrial technologies. Its exploration and development activities are focused on the Bissett Creek Property in Ontario, Canada, and Okanjande in Namibia.