MNGG (Mining Global) Interest Expense : $-0.01 Mil (TTM As of Nov. 2023)

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What is Mining Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mining Global's interest expense for the three months ended in Nov. 2023 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was $-0.01 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. Mining Global's Operating Income for the three months ended in Nov. 2023 was $ -0.06 Mil. Mining Global's Interest Expense for the three months ended in Nov. 2023 was $ 0.00 Mil. Mining Global 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.

Mining Global Interest Expense Historical Data

The historical data trend for Mining Global'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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Mining Global Interest Expense Chart

Mining Global Annual Data

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Interest Expense

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-0.01

Mining Global Quarterly Data
	Feb12	May12	Aug12	Aug16	Aug17	Aug18	Aug19	Aug20	Nov20	Feb21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Interest Expense	Get a 7-Day Free Trial															-	-0.02	-0.01	0.02	-

Mining Global 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.01 Mil.

Mining Global (OTCPK:MNGG) 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.

Mining Global's Interest Expense for the three months ended in Nov. 2023 was $0.00 Mil. Its Operating Income for the three months ended in Nov. 2023 was $-0.06 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was $0.00 Mil.

Mining Global's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Mining Global had no long-term debt ⁽¹⁾.

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

Mining Global Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 S Australian Avenue, Suite 600, West Palm Beach, FL, USA, 33401

Website

https://www.mnggotc.com

Mining Global Inc is primarily engaged in the acquisition, exploration, and development of mineral properties. The company focuses on mineral deposits of lead, zinc, copper, silver, gold or uranium capable of commercial extraction.

Executives

Gregory K Clements	director, officer: Chief Financial Officer	240 MARTIN ST. #3, BLAINE WA 98230
Cedric N Atkinson	director, 10 percent owner, officer: Chief Executive Officer	240 MARTIN ST. #3, BLAINE WA 98230
Oxygen Management Group, Ltd.	10 percent owner	240 MARTIN STREET, SUITE 3, BLAINE WA 98230
Lindsay Edward Gorrill	director	611 E. SHERMAN AVE., COEUR D'ALENE ID 83814
David K Ryan	officer: Vice-President of Finance	P.O. BOX 61605, BROOKSWOOD RPO, LANGLEY A1 V3A 8C8
Jarrett F Bousquet	director, 10 percent owner, officer: President,Secretary&Treasurer	240 MARTIN STREET, #3, BLAINE WA 98230
Shane Epp	officer: Executive Vice President	2154 WEST 45TH AVENUE, VANCOUVER A1 V6M 2J1

Mining Global Headlines

From GuruFocus

Mining Global (OTC:MNGG) to Merge with Namibia African Lithium Mine

By ACCESSWIRE • 08-08-2023