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GRLVF (Group Eleven Resources) Interest Expense : $0.00 Mil (TTM As of Sep. 2024)


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What is Group Eleven Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Group Eleven Resources's interest expense for the three months ended in Sep. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 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. Group Eleven Resources's Operating Income for the three months ended in Sep. 2024 was $ -0.75 Mil. Group Eleven Resources's Interest Expense for the three months ended in Sep. 2024 was $ 0.00 Mil. Group Eleven 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.

Group Eleven Resources Interest Expense Historical Data

The historical data trend for Group Eleven 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.

* Premium members only.

Group Eleven Resources Interest Expense Chart

Group Eleven Resources Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
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Group Eleven Resources Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Group Eleven 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 Sep. 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.

Group Eleven Resources  (OTCPK:GRLVF) 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.

Group Eleven Resources's Interest Expense for the three months ended in Sep. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.75 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.00 Mil.

Group Eleven Resources's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Group Eleven Resources 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:

Group Eleven Resources Corp has no debt.

Group Eleven Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Group Eleven Resources Corp (OTCPK:GRLVF) » Definitions » Interest Expense
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Traded in Other Exchanges
3GE:Germany ZNG:Canada
Address
885 West Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8
Website
https://www.groupelevenresources.com
Group Eleven Resources Corp is a Canada-based mining company. Principally, it is engaged in the business of exploration of mineral properties. The company's project consists of Ballinalack, PG West, Stonepark, and Silvermines among others.