O3 Mining (TSXV:OIII) Interest Expense : C$-1.46 Mil (TTM As of Mar. 2024)

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What is O3 Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. O3 Mining's interest expense for the three months ended in Mar. 2024 was C$ -0.46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-1.46 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. O3 Mining's Operating Income for the three months ended in Mar. 2024 was C$ -1.71 Mil. O3 Mining's Interest Expense for the three months ended in Mar. 2024 was C$ -0.46 Mil. O3 Mining 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.

O3 Mining Interest Expense Historical Data

The historical data trend for O3 Mining'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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O3 Mining Interest Expense Chart

O3 Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.03

-0.06

-0.10

-0.39

-1.04

O3 Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.04	-0.06	-0.40	-0.54	-0.46

O3 Mining 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.46 Mil.

O3 Mining (TSXV:OIII) 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.

O3 Mining's Interest Expense for the three months ended in Mar. 2024 was C$-0.46 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-1.71 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$7.56 Mil.

O3 Mining's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

O3 Mining did not have earnings to cover the interest expense.

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

O3 Mining (TSXV:OIII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » O3 Mining Inc (TSXV:OIII) » Definitions » Interest Expense

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OIIIF:USA 15A:Germany

Address

155 University Avenue, Suite 1440, Toronto, ON, CAN, M5H 3B7

Website

https://www.o3mining.ca

O3 Mining Inc is a Canadian mineral exploration company. It is engaged in the business of acquiring, exploring, and developing precious mineral deposits in Canada. The firm's property portfolio consists of Cadillac Break Properties, Marban Property, Alpha Property, Wydee Gold Property, and Matachewan Property.

Executives

Louis Gariepy	Senior Officer
Jose Vizquerra	Director, Director or Senior Officer of 10% Security Holder, Senior Officer

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