Northern Minerals and Exploration (Northern Minerals and Exploration) Interest Expense : $-0.01 Mil (TTM As of Jan. 2024)

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What is Northern Minerals and Exploration Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Northern Minerals and Exploration's interest expense for the three months ended in Jan. 2024 was $ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 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. Northern Minerals and Exploration's Operating Income for the three months ended in Jan. 2024 was $ -0.03 Mil. Northern Minerals and Exploration's Interest Expense for the three months ended in Jan. 2024 was $ -0.00 Mil. Northern Minerals and Exploration 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.

Northern Minerals and Exploration Interest Expense Historical Data

The historical data trend for Northern Minerals and Exploration'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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Northern Minerals and Exploration Interest Expense Chart

Northern Minerals and Exploration Annual Data

Trend

Jul14

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Jul23

Interest Expense

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-0.02

-0.09

-0.02

-0.01

Northern Minerals and Exploration Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Northern Minerals and Exploration 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.01 Mil.

Northern Minerals and Exploration (OTCPK:NMEX) 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.

Northern Minerals and Exploration's Interest Expense for the three months ended in Jan. 2024 was $-0.00 Mil. Its Operating Income for the three months ended in Jan. 2024 was $-0.03 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $0.09 Mil.

Northern Minerals and Exploration's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Northern Minerals and Exploration did not have earnings to cover the interest expense.

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

Northern Minerals and Exploration (Northern Minerals and Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northern Minerals and Exploration Ltd (OTCPK:NMEX) » Definitions » Interest Expense

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Address

881 West State Road, Pleasant Grove, UT, USA, 84062

Website

http://www.northernmineralsexploration.com

Northern Minerals and Exploration Ltd is an emerging natural resource company operating in oil and gas production in central Texas and exploration for gold and silver in northern Nevada.