KTGDF (K2 Gold) Interest Expense : $0.00 Mil (TTM As of Sep. 2024)

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What is K2 Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. K2 Gold'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. K2 Gold's Operating Income for the three months ended in Sep. 2024 was $ -0.13 Mil. K2 Gold's Interest Expense for the three months ended in Sep. 2024 was $ 0.00 Mil. K2 Gold 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.

K2 Gold Interest Expense Historical Data

The historical data trend for K2 Gold'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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K2 Gold Interest Expense Chart

K2 Gold Annual Data

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Interest Expense

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K2 Gold Quarterly Data
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K2 Gold 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.

K2 Gold (OTCPK:KTGDF) 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.

K2 Gold'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 $-0.13 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.00 Mil.

K2 Gold's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

K2 Gold 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. K2 Gold Corp has enough cash to cover all of its debt. Its financial situation is stable.

K2 Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » K2 Gold Corp (OTCPK:KTGDF) » Definitions » Interest Expense

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23K:Germany KTO:Canada

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.k2gold.com

K2 Gold Corp is an North American mineral exploration company with its primary focus being the exploration of mineral properties in California, the Yukon Territory, and Alaska. It has has three exploration projects: the Mojave Project, located in California; the Wels Project in the Yukon, and the Si2 Project in Nevada.

K2 Gold Headlines

From GuruFocus

K2 Gold Provides A Technical Update of the Flume Property

By GlobeNewswire GlobeNewswire • 05-02-2018

K2 Stakes New Mineral Claims in the Moosehorn Range, Alaska, USA

By GlobeNewswire GlobeNewswire • 05-17-2018

K2 Gold Closes Oversubscribed Private Placement and Raises $1,066,500

By GlobeNewswire GlobeNewswire • 06-08-2018

K2 Completes 2019 Exploration at Wels; Trenches 2.15 g/t Au over 8m at the Pekoe Target, 0.64 g/t over 36m at the Chai Target

By GlobeNewswire GlobeNewswire • 02-20-2020

K2 Gold Corporation Announces Non-Brokered Private Placement to Raise $750,000

By GlobeNewswire GlobeNewswire • 05-11-2018

K2 Gold Completes Termination of Option Agreement on Flume Property

By GlobeNewswire GlobeNewswire • 09-26-2018