High North Resources (High North Resources) Interest Expense : $-0.86 Mil (TTM As of Jun. 2015)

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What is High North Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. High North Resources's interest expense for the three months ended in Jun. 2015 was $ -0.15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2015 was $-0.86 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. High North Resources's Operating Income for the three months ended in Jun. 2015 was $ -0.80 Mil. High North Resources's Interest Expense for the three months ended in Jun. 2015 was $ -0.15 Mil. High North 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.

High North Resources Interest Expense Historical Data

The historical data trend for High North 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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High North Resources Interest Expense Chart

High North Resources Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Interest Expense

-0.01

-0.47

High North Resources Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Interest Expense	Get a 7-Day Free Trial													-0.23	-0.24	-0.26	-0.22	-0.15

High North 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 Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.86 Mil.

High North Resources (OTCPK:HNTHF) 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.

High North Resources's Interest Expense for the three months ended in Jun. 2015 was $-0.15 Mil. Its Operating Income for the three months ended in Jun. 2015 was $-0.80 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2015 was $0.22 Mil.

High North Resources's Interest Coverage for the quarter that ended in Jun. 2015 is calculated as

High North Resources did not have earnings to cover the interest expense.

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

High North Resources (High North Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High North Resources Ltd (OTCPK:HNTHF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 – 7th Avenue South West, Suite 2800, First Canadian Centre, Calgary, AB, CAN, T2P 3N9

Website

http://www.highnorthresources.com

High North Resources Ltd is primarily engaged in the business of production, exploration, and development of oil and gas properties. The company operates through Chemical and Allied Products Merchant Wholesalers; exporting and importing base oil; Starch and Vegetable Fats and Oils Manufacturing segments. Geographically, it operates through the region of Canada. The organization generates most of its revenues from the trading on base oil, chemicals, and crude oil.

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