MGXMF (MGX Minerals) Interest Expense: $-0.02 Mil (TTM As of Apr. 2021)


What is MGX Minerals Interest Expense?

MGX Minerals MGXMF -95.00% Interest Expense is $-0.02 Mil as of Apr. 2021.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MGX Minerals's interest expense for the three months ended in Apr. 2021 was $ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2021 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. MGX Minerals's Operating Income for the three months ended in Apr. 2021 was $ -0.29 Mil. MGX Minerals's Interest Expense for the three months ended in Apr. 2021 was $ -0.00 Mil. MGX 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.

MGX Minerals  (OTCPK:MGXMF) 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.

MGX Minerals's Interest Expense for the three months ended in Apr. 2021 was $-0.00 Mil. Its Operating Income for the three months ended in Apr. 2021 was $-0.29 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Apr. 2021 was $2.16 Mil.

MGX Minerals's Interest Coverage for the quarter that ended in Apr. 2021 is calculated as

MGX Minerals 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.

MGX Minerals Interest Expense Historical Data

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The historical data trend for MGX 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.

MGX Minerals Interest Expense Chart

MGX Minerals Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20
Interest Expense
Get a 7-Day Free Trial Premium Member Only -0.00 -0.01 -0.01 -0.11 -0.14

MGX Minerals Quarterly Data
Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21
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 -0.02 -0.00 -0.00 -0.00

MGX 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 Apr. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.02 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-0.02 Mil mean?
MGX Minerals (MGXMF) has a Interest Expense of $-0.02 Mil as of Apr. 2021. Interest Expense is the amount a company pays on its long-term debt. View historical data on MGX Minerals and its competitors.
Is MGX Minerals' Interest Expense too high?
MGX Minerals' current Interest Expense is $-0.02 Mil.
How does MGX Minerals' Interest Expense compare to competitors?
MGX Minerals' Interest Expense of $-0.02 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Metals & Mining company?
A good Interest Expense depends on the Metals & Mining industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on MGX Minerals and its competitors. MGX Minerals's current Interest Expense is $-0.02 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGX Minerals stock overvalued right now?
MGX Minerals (MGXMF) has a current Interest Expense of $-0.02 Mil. The current Interest Expense is $-0.02 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For MGX Minerals (MGXMF), the current Interest Expense is $-0.02 Mil as of Apr. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

MGX Minerals Business Description

Address 666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6
MGX Minerals Inc is an exploration stage company engaged in the process of exploring its mineral properties in Canada. The company is a developer of lithium, magnesium and silicon projects. Its projects comprise Driftwood Creek project; Fran Gold project; Tillicum Gold project; Canada Lithium project; and Silica Projects.