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Mining Global (Mining Global) Interest Expense : $-0.01 Mil (TTM As of Aug. 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 six months ended in Aug. 2023 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 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 six months ended in Aug. 2023 was $ -0.03 Mil. Mining Global's Interest Expense for the six months ended in Aug. 2023 was $ -0.01 Mil. Mining Global 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.

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.

* Premium members only.

Mining Global Interest Expense Chart

Mining Global Annual Data
Trend Aug10 Aug11 Aug12 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 -0.01 - -0.01 -

Mining Global Semi-Annual Data
Aug08 Aug09 Aug10 Aug11 Aug12 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.01 - -0.01 - -0.01

Mining Global Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Aug. 2023 was $-0.01 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.

Mining Global  (OTCPK:MNGG) 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.

Mining Global's Interest Expense for the six months ended in Aug. 2023 was $-0.01 Mil. Its Operating Income for the six months ended in Aug. 2023 was $-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Aug. 2023 was $0.00 Mil.

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

Mining Global 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.

Mining Global (Mining Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mining Global Inc (OTCPK:MNGG) » Definitions » Interest Expense
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STAL BMXI NSAUF GKIN IMII OSCI SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL SHSE:600547 ASX:NCM JSE:GFI ASX:NST AU SHSE:600489 RGLD
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 (Mining Global) Headlines

From GuruFocus

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

By ACCESSWIRE • 08-08-2023