Nican (NILTF) Interest Expense : $0.00 Mil (TTM As of Dec. 2024)

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What is Nican Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nican's interest expense for the three months ended in Dec. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $0.00 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. Nican's Operating Income for the three months ended in Dec. 2024 was $ -0.23 Mil. Nican's Interest Expense for the three months ended in Dec. 2024 was $ 0.00 Mil. Nican 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.

Nican Interest Expense Historical Data

The historical data trend for Nican'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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Nican Interest Expense Chart

Nican Annual Data

Trend

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Dec24

Interest Expense

Nican Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
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Nican 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Nican (OTCPK:NILTF) 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.

Nican's Interest Expense for the three months ended in Dec. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Dec. 2024 was $-0.23 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $0.00 Mil.

Nican's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Nican had no long-term debt ⁽¹⁾.

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

Good Sign:

Nican Ltd has no debt.

Nican Business Description

Industry

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NICN:Canada

Address

390 Bay Street, Suite 700A, Toronto, ON, CAN, M4V 1X7

Website

https://www.nicanltd.com

Nican Ltd engages in exploring, developing, operating, and financing mining assets. Its principal business activity is the exploration and evaluation of mineral properties. The company is focused on nickel-copper opportunities in stable jurisdictions on known mineral belts. Its project comprises of wine project and pipy project both located in well-established mining jurisdictions in Manitoba, Canada.