Gold Lakes (Gold Lakes) Interest Expense : $-0.18 Mil (TTM As of Apr. 2017)

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What is Gold Lakes Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gold Lakes's interest expense for the three months ended in Apr. 2017 was $ -0.09 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2017 was $-0.18 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. Gold Lakes's Operating Income for the three months ended in Apr. 2017 was $ -0.10 Mil. Gold Lakes's Interest Expense for the three months ended in Apr. 2017 was $ -0.09 Mil. Gold Lakes 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.

Gold Lakes Interest Expense Historical Data

The historical data trend for Gold Lakes'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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Gold Lakes Interest Expense Chart

Gold Lakes Annual Data

Trend

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

Jul14

Jul15

Jul16

Interest Expense

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-0.13

-0.01

-0.02

-0.12

Gold Lakes Quarterly Data
	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17
Interest Expense	Get a 7-Day Free Trial															-0.05	-0.05	-0.02	-0.02	-0.09

Gold Lakes 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 Apr. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.18 Mil.

Gold Lakes (GREY:GLLK) 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.

Gold Lakes's Interest Expense for the three months ended in Apr. 2017 was $-0.09 Mil. Its Operating Income for the three months ended in Apr. 2017 was $-0.10 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Apr. 2017 was $0.00 Mil.

Gold Lakes's Interest Coverage for the quarter that ended in Apr. 2017 is calculated as

Gold Lakes did not have earnings to cover the interest expense.

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

Gold Lakes (Gold Lakes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Lakes Corp (GREY:GLLK) » Definitions » Interest Expense

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Address

3401 Enterprise Parkway, Suite 340, Beachwood, OH, USA, 42122

Website

http://www.goldlakes.com

Gold Lakes Corp is involved in the business of mining and developing precious metals, mainly Gold. Its projects include The Big Monty property located in the north of Kirkland Lake and east of Timmins in Ontario and The Ponderosa property located in townships of Frecheville, Stoughton, and the Mistaken islands of Ontario, Canada.

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