GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magellan Copper and Gold Inc (OTCPK:MAGE) » Definitions » Interest Expense

MAGE (Magellan Copper and Gold) Interest Expense : $-0.10 Mil (TTM As of Sep. 2024)


View and export this data going back to 2012. Start your Free Trial

What is Magellan Copper and Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magellan Copper and Gold's interest expense for the three months ended in Sep. 2024 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.10 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. Magellan Copper and Gold's Operating Income for the three months ended in Sep. 2024 was $ -0.11 Mil. Magellan Copper and Gold's Interest Expense for the three months ended in Sep. 2024 was $ -0.02 Mil. Magellan Copper and Gold 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.

Magellan Copper and Gold Interest Expense Historical Data

The historical data trend for Magellan Copper and 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.

* Premium members only.

Magellan Copper and Gold Interest Expense Chart

Magellan Copper and Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.53 -0.43 -0.23 -0.28 -0.10

Magellan Copper and Gold 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.02 -0.03 -0.02 -0.02 -0.02

Magellan Copper and 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 $-0.10 Mil.

* 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.

Magellan Copper and Gold  (OTCPK:MAGE) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Magellan Copper and Gold's Interest Expense for the three months ended in Sep. 2024 was $-0.02 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.00 Mil.

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

Magellan Copper and Gold did not have earnings to cover the interest expense.

* 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.

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

Magellan Copper and Gold Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magellan Copper and Gold Inc (OTCPK:MAGE) » Definitions » Interest Expense
Comparable Companies
GLNS RYES PGOL RNGC IMIID STAL RNGG AUST PZG SHSE:601899 NEM TSX:AEM TSX:WPM TSX:ABX MIC:PLZL TSX:FNV JSE:GFI AU TSX:K SHSE:600547
Traded in Other Exchanges
N/A
Address
602 Cedar Street, Suite 205, Wallace, ID, USA, 83873
Website
https://www.magellangoldcorp.com
Magellan Copper and Gold Inc formerly Magellan Gold Corp is an exploration stage company, and principal business is the acquisition and exploration of mineral projects focus is on properties in the States of Idaho and California. Key Projects of the Company are the Center Star Mine and the Kris Project.
Executives
Frank Pastornia officer: COO C/O 500 MARQUETTE AVE., STE. 1200, ALBUQUERQUE NM 87102
John D Gibbs 10 percent owner 16 E STREET SOUTHWEST, ARDMORE OK 73402
Power John C /ca/ director, 10 percent owner, officer: President/Secretary
Dennis Bell 10 percent owner 47 LISLE ST., MT. CLAREMONT C3 6010
Michael Paul Martinez officer: CFO/Secretary/Treasurer 13612 EMBUDO CT., NE, ALBUQUERQUE NM 87112
W Pierce Carson officer: President of Gulf & Western In 7239 N EL MIRAGR ROAD, GLENDALE AZ 86307