KOREF (Kore Mining) Interest Expense : $-0.03 Mil (TTM As of Sep. 2024)

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What is Kore Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kore Mining's interest expense for the three months ended in Sep. 2024 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.03 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. Kore Mining's Operating Income for the three months ended in Sep. 2024 was $ -0.14 Mil. Kore Mining's Interest Expense for the three months ended in Sep. 2024 was $ -0.01 Mil. Kore Mining 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.

Kore Mining Interest Expense Historical Data

The historical data trend for Kore Mining'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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Kore Mining Interest Expense Chart

Kore Mining Annual Data

Trend

Oct14

Oct15

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Dec23

Interest Expense

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-0.01

-0.02

Kore Mining Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-	-	-0.01	-0.01	-0.01

Kore Mining 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 $-0.03 Mil.

Kore Mining (OTCPK:KOREF) 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.

Kore Mining's Interest Expense for the three months ended in Sep. 2024 was $-0.01 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.14 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.00 Mil.

Kore Mining's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Kore Mining did not have earnings to cover the interest expense.

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

Kore Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kore Mining Ltd (OTCPK:KOREF) » Definitions » Interest Expense

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EUSA:Germany KORE:Canada

Address

700 W Georgia Street, 25th Floor, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.koremining.com

Kore Mining Ltd is an exploration and development stage company. It is engaged in the acquisition, exploration, and development of exploration and evaluation properties in the United States and Canada. The company owns interests in the Imperial and Long Valley, gold development projects, located in California, USA, as well as projects in British Columbia, Canada.