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Red Lake Gold (FRA:P11A) Interest Expense : €0.00 Mil (TTM As of Aug. 2024)


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What is Red Lake Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Red Lake Gold's interest expense for the three months ended in Aug. 2024 was € 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 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. Red Lake Gold's Operating Income for the three months ended in Aug. 2024 was € -0.10 Mil. Red Lake Gold's Interest Expense for the three months ended in Aug. 2024 was € 0.00 Mil. Red Lake Gold 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.


Red Lake Gold Interest Expense Historical Data

The historical data trend for Red Lake Gold'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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Red Lake Gold Interest Expense Chart

Red Lake Gold Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Interest Expense
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Red Lake Gold Quarterly Data
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Red Lake Gold 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.00 Mil.

* 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.


Red Lake Gold  (FRA:P11A) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Red Lake Gold's Interest Expense for the three months ended in Aug. 2024 was €0.00 Mil. Its Operating Income for the three months ended in Aug. 2024 was €-0.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2024 was €0.00 Mil.

Red Lake Gold's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Red Lake Gold had no long-term debt (1).

* 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.

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

Good Sign:

Red Lake Gold Inc has no debt.


Red Lake Gold Business Description

Traded in Other Exchanges
Address
1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9
Red Lake Gold Inc is focused on high-impact gold exploration through its Whirlwind Jack Gold Project which is a district-scale gold exploration project located near Red Lake, Ontario. The LP Fault structure interpreted in this project is situated within a deep magnetic low. The company's projects also include the Fenelon North Gold Project and the Celt Lake Lithium Project.

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