Golden Royal Development (Golden Royal Development) Interest Expense : $0.00 Mil (TTM As of Dec. 2023)

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What is Golden Royal Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Golden Royal Development's interest expense for the three months ended in Dec. 2023 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 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. Golden Royal Development's Operating Income for the three months ended in Dec. 2023 was $ -0.00 Mil. Golden Royal Development's Interest Expense for the three months ended in Dec. 2023 was $ 0.00 Mil. Golden Royal Development 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.

Golden Royal Development Interest Expense Historical Data

The historical data trend for Golden Royal Development'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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Golden Royal Development Interest Expense Chart

Golden Royal Development Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Interest Expense

-0.01

Golden Royal Development Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Golden Royal Development 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Golden Royal Development (OTCPK:GRDV) 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.

Golden Royal Development's Interest Expense for the three months ended in Dec. 2023 was $0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.00 Mil.

Golden Royal Development's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Golden Royal Development had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Golden Royal Development Inc has enough cash to cover all of its debt. Its financial situation is stable.

Golden Royal Development (Golden Royal Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Royal Development Inc (OTCPK:GRDV) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

80 Main Street, Suite 415, West Orange, NJ, USA, 11211

Website

Golden Royal Development Inc United States based company. The company engages in the business of purchasing and selling mineral leases and other interests in mineral rights.

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