Golden Spike Resources (XCNQ:GLDS) Interest Expense : C$0.00 Mil (TTM As of Feb. 2024)

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What is Golden Spike Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Golden Spike Resources's interest expense for the three months ended in Feb. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 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. Golden Spike Resources's Operating Income for the three months ended in Feb. 2024 was C$ -0.11 Mil. Golden Spike Resources's Interest Expense for the three months ended in Feb. 2024 was C$ 0.00 Mil. Golden Spike Resources 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.

Golden Spike Resources Interest Expense Historical Data

The historical data trend for Golden Spike Resources'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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Golden Spike Resources Interest Expense Chart

Golden Spike Resources Annual Data

Trend

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Interest Expense

Golden Spike Resources Quarterly Data
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Golden Spike Resources 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Golden Spike Resources (XCNQ:GLDS) 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.

Golden Spike Resources's Interest Expense for the three months ended in Feb. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-0.11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$0.00 Mil.

Golden Spike Resources's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Golden Spike Resources had no long-term debt ⁽¹⁾.

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

Good Sign:

Golden Spike Resources Corp has no debt.

Golden Spike Resources (XCNQ:GLDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Spike Resources Corp (XCNQ:GLDS) » Definitions » Interest Expense

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GSPRF:USA

Address

830 - 1100 Melville Street, Vancouver, BC, CAN, V6E 4A6

Website

https://www.goldenspikeresources.com

Golden Spike Resources Corp is a mineral exploration company and its principal business is the acquisition and exploration of mineral properties with a focus on Canada. The company's property is the Camping Lake Project, consisting of five contiguous mineral claims covering an area of approximately 2,132.4 Ha northwest of Ear Falls in the Province of Ontario.

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