Lucky Minerals (Lucky Minerals) Interest Expense : $-0.29 Mil (TTM As of Jan. 2024)

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What is Lucky Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lucky Minerals's interest expense for the three months ended in Jan. 2024 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-0.29 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. Lucky Minerals's Operating Income for the three months ended in Jan. 2024 was $ -0.17 Mil. Lucky Minerals's Interest Expense for the three months ended in Jan. 2024 was $ -0.02 Mil. Lucky Minerals 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.

Lucky Minerals Interest Expense Historical Data

The historical data trend for Lucky Minerals'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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Lucky Minerals Interest Expense Chart

Lucky Minerals Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Oct20

Oct21

Oct22

Oct23

Interest Expense

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-0.02

-0.33

-0.38

-0.19

-0.29

Lucky Minerals Quarterly Data
	Dec18	Mar19	Jun19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-0.08	-0.08	-0.09	-0.11	-0.02

Lucky Minerals 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.29 Mil.

Lucky Minerals (OTCPK:LKMNF) 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.

Lucky Minerals's Interest Expense for the three months ended in Jan. 2024 was $-0.02 Mil. Its Operating Income for the three months ended in Jan. 2024 was $-0.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $0.00 Mil.

Lucky Minerals's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Lucky Minerals did not have earnings to cover the interest expense.

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

Lucky Minerals (Lucky Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lucky Minerals Inc (OTCPK:LKMNF) » Definitions » Interest Expense

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Address

789 West Pender Street, Suite 1010, Vancouver, BC, CAN, V6C 1H2

Website

https://www.luckyminerals.com

Lucky Minerals Inc is engaged in the business of acquiring and exploring large-scale mineral systems in some districts. It owns an interest in the Fortuna Project in Ecuador that is a royalty-free exploration property and has the potential for the discovery of epithermal gold and copper, moly, gold porphyry type mineralization, as others found in the Andean Cordillera.