AVRTF (Avarone Metals) Interest Expense : $-0.04 Mil (TTM As of Jul. 2024)

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What is Avarone Metals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avarone Metals's interest expense for the three months ended in Jul. 2024 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2024 was $-0.04 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. Avarone Metals's Operating Income for the three months ended in Jul. 2024 was $ -0.05 Mil. Avarone Metals's Interest Expense for the three months ended in Jul. 2024 was $ -0.02 Mil. Avarone Metals 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.

Avarone Metals Interest Expense Historical Data

The historical data trend for Avarone Metals'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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Avarone Metals Interest Expense Chart

Avarone Metals Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Interest Expense

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-0.03

-0.04

-0.06

-0.04

Avarone Metals Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	-0.01	-0.02

Avarone Metals 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.04 Mil.

Avarone Metals (OTCPK:AVRTF) 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.

Avarone Metals's Interest Expense for the three months ended in Jul. 2024 was $-0.02 Mil. Its Operating Income for the three months ended in Jul. 2024 was $-0.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2024 was $0.00 Mil.

Avarone Metals's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as

Avarone Metals did not have earnings to cover the interest expense.

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

Avarone Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avarone Metals Inc (OTCPK:AVRTF) » Definitions » Interest Expense

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W2U1:Germany AVM.X:Canada

Address

1479 - 329 Howe Street, Vancouver, BC, CAN, V6C 3N2

Website

http://www.avarone.com

Avarone Metals Inc is an exploration stage company. The company is in the process of searching for resource properties to explore.

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