Panex Resources (Panex Resources) Interest Expense : $0.00 Mil (TTM As of Aug. 2016)

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What is Panex Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Panex Resources's interest expense for the three months ended in Aug. 2016 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2016 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. Panex Resources's Operating Income for the three months ended in Aug. 2016 was $ -0.49 Mil. Panex Resources's Interest Expense for the three months ended in Aug. 2016 was $ 0.00 Mil. Panex 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.

Panex Resources Interest Expense Historical Data

The historical data trend for Panex 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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Panex Resources Interest Expense Chart

Panex Resources Annual Data

Trend

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Interest Expense

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-0.02

Panex Resources Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Panex 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 Aug. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Panex Resources (OTCPK:DBGF) 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.

Panex Resources's Interest Expense for the three months ended in Aug. 2016 was $0.00 Mil. Its Operating Income for the three months ended in Aug. 2016 was $-0.49 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2016 was $0.00 Mil.

Panex Resources's Interest Coverage for the quarter that ended in Aug. 2016 is calculated as

Panex Resources had no long-term debt ⁽¹⁾.

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

Panex Resources (Panex Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Panex Resources Inc (OTCPK:DBGF) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

504A Casabianca, 17 Bd du Larvotto, Monte Carlo, MCO, 98000

Website

http://www.panexresources.com

Panex Resources Inc is a mineral exploration company in Africa. It is engaged in the acquisition and exploration of mineral properties. The company is an exploration stage company. Its exploration program will be designed to explore for commercially viable deposits of base and precious minerals such as gold, silver, lead, barium, mercury, copper and zinc minerals.

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