Lida Resources (FRA:1CCA) Interest Expense : €-0.03 Mil (TTM As of May. 2023)

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What is Lida Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lida Resources's interest expense for the three months ended in May. 2023 was € -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2023 was €-0.03 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. Lida Resources's Operating Income for the three months ended in May. 2023 was € -0.03 Mil. Lida Resources's Interest Expense for the three months ended in May. 2023 was € -0.01 Mil. Lida Resources 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.

Lida Resources Interest Expense Historical Data

The historical data trend for Lida 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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Lida Resources Interest Expense Chart

Lida Resources Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Interest Expense

-0.03

Lida Resources Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Interest Expense	Get a 7-Day Free Trial														-0.01	-0.01	-0.01	-0.01	-0.01

Lida 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 May. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.03 Mil.

Lida Resources (FRA:1CCA) 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.

Lida Resources's Interest Expense for the three months ended in May. 2023 was €-0.01 Mil. Its Operating Income for the three months ended in May. 2023 was €-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2023 was €0.00 Mil.

Lida Resources's Interest Coverage for the quarter that ended in May. 2023 is calculated as

Lida Resources did not have earnings to cover the interest expense.

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

Lida Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lida Resources Inc (FRA:1CCA) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://lidaresources.minelife.org

Lida Resources Inc is a Canadian mineral exploration and development company focused on advancing the San Vincent deposit located a short drive from Trujillo, Peru. The Company also owns the Fruta del Sur deposit, with the potential to be one of Peru's most prolific mines.

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