CKX (CKX Lands) Interest Expense : $0.00 Mil (TTM As of Sep. 2024)

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What is CKX Lands Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CKX Lands's interest expense for the three months ended in Sep. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $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. CKX Lands's Operating Income for the three months ended in Sep. 2024 was $ -0.02 Mil. CKX Lands's Interest Expense for the three months ended in Sep. 2024 was $ 0.00 Mil. CKX Lands 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.

CKX Lands Interest Expense Historical Data

The historical data trend for CKX Lands'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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CKX Lands Interest Expense Chart

CKX Lands Annual Data

Trend

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Interest Expense

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CKX Lands Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

CKX Lands 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

CKX Lands (AMEX:CKX) 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.

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

CKX Lands's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

CKX Lands had no long-term debt ⁽¹⁾.

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

Good Sign:

CKX Lands Inc has no debt.

CKX Lands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CKX Lands Inc (AMEX:CKX) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

2417 Shell Beach Drive, Lake Charles, LA, USA, 70601

Website

https://www.ckxlands.com

CKX Lands Inc is a Louisiana corporation organized to receive non-producing mineral royalties spun off by a southwest Louisiana bank. It operates in three segments: Oil and Gas, Surface, and Timber. The company owns land and mineral interests and collects income through its ownership in the form of oil and gas royalties, surface leases for farming, the right of way and other uses, and timber sales. The company's oil and gas royalties are paid by the operators who own the wells and timber income is paid by the highest bidder for the timber. CKX has small royalty interests in approximately 20 different producing oil and gas fields.

Executives

Max H. Hart	director	P.O. BOX 1700, OPELOUSAS LA 70571
William Gray Stream	director	2417 SHELL BEACH DRIVE, LAKE CHARLES LA 70601
Daniel J Englander	director	C/O AMERICA'S CARMART, 802 SOUTHEAST PLAZA AVE #200, BENTONVILLE AR 72712
Scott Adams Stepp	officer: Chief Financial Officer	2417 SHELL BEACH DRIVE, LAKE CHARLES LA 70601
Lane T Lamure	director	POST OFFICE BOX 11941, JACKSON WY 83002
Ellington Edward Moreland Ii	director	1232 CYPRESS HARBOR DRIVE, LAKE CHARLES LA 70605
Lee W. Boyer	director	127 W. BROAD ST., 4TH FLOOR, LAKE CHARLES LA 70601
Donald Keith Duplechin	director	131 STATE STREET, LAKE CHARLES LA 70605
Ottley Properties, Llc	10 percent owner	337 METAIRIE ROAD, SUITE 202, METAIRIE LA 70005
Minvielle Iv Eugene T	director	P.O. BOX 51684, LAFAYETTE LA 70505
Lee Bert Appleberry	director	315 NORTH WILCREST DRIVE, HOUSTON TX 77079
Charles D Viccellio	director, officer: Vice President & Secretary	4113 BEAU CHENE DRIVE, LAKE CHARLES LA 70605
Elizabeth Brooks Hollins	director	1128 BIRDNEST ROAD, LAKE CHARLES X1 70611
Michael B White	10 percent owner	337 METAIRIE ROAD, SUITE 202, METAIRIE LA 70005
Mary W Savoy	director	1407 ALVIN STREET, LAKE CHARLES LA 70601

CKX Lands Headlines

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