LMRMF (Lomiko Metals) Interest Expense : $-0.02 Mil (TTM As of Jul. 2024)

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What is Lomiko Metals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lomiko Metals's interest expense for the three months ended in Jul. 2024 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2024 was $-0.02 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. Lomiko Metals's Operating Income for the three months ended in Jul. 2024 was $ -0.28 Mil. Lomiko Metals's Interest Expense for the three months ended in Jul. 2024 was $ -0.01 Mil. Lomiko Metals 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.

Lomiko Metals Interest Expense Historical Data

The historical data trend for Lomiko Metals'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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Lomiko Metals Interest Expense Chart

Lomiko Metals Annual Data

Trend

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Jul24

Interest Expense

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-0.01

-0.02

Lomiko Metals Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Interest Expense	Get a 7-Day Free Trial															-	-	-0.01	-	-0.01

Lomiko Metals 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.02 Mil.

Lomiko Metals (OTCPK:LMRMF) 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.

Lomiko Metals's Interest Expense for the three months ended in Jul. 2024 was $-0.01 Mil. Its Operating Income for the three months ended in Jul. 2024 was $-0.28 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2024 was $0.00 Mil.

Lomiko Metals's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as

Lomiko Metals did not have earnings to cover the interest expense.

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

Lomiko Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lomiko Metals Inc (OTCPK:LMRMF) » Definitions » Interest Expense

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Address

7184 120th Street, Suite 439, Surrey, BC, CAN, V3W 0M6

Website

https://www.lomiko.com

Lomiko Metals Inc is a company with the mission to manifest abundance of renewable energy with Canadian and Quebec critical minerals for a solution in North America. It is developing the La Loutre graphite deposit, located northwest of Montreal, and the Bourier lithium project, located in the James Bay region of Quebec in Canada's lithium triangle that has historically housed lithium deposits and mineralization trends. the company is also working on a graphite pipeline project. Lomiko Metals Graphics Portfolio which includes sub projects under it: Lac Boyd, Lac Dieppe, Lac Meloche, Lac Tremblant, Ruisseau, North Low.