Nortec Minerals (Nortec Minerals) Interest Expense : $0.00 Mil (TTM As of Mar. 2024)

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What is Nortec Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nortec Minerals's interest expense for the three months ended in Mar. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 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. Nortec Minerals's Operating Income for the three months ended in Mar. 2024 was $ -0.02 Mil. Nortec Minerals's Interest Expense for the three months ended in Mar. 2024 was $ 0.00 Mil. Nortec Minerals 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.

Nortec Minerals Interest Expense Historical Data

The historical data trend for Nortec 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.

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Nortec Minerals Interest Expense Chart

Nortec Minerals Annual Data

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Interest Expense

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-0.02

Nortec Minerals Quarterly Data
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Nortec 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Nortec Minerals (OTCPK:NMNZF) 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.

Nortec Minerals's Interest Expense for the three months ended in Mar. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.02 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0.00 Mil.

Nortec Minerals's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Nortec Minerals had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Nortec Minerals Corp has enough cash to cover all of its debt. Its financial situation is stable.

Nortec Minerals (Nortec Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nortec Minerals Corp (OTCPK:NMNZF) » Definitions » Interest Expense

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NVT:Canada

Address

700 West Pender Street, Suite 915, Vancouver, BC, CAN, V6C 1G8

Website

https://www.nortecminerals.com

Nortec Minerals Corp is a Canada-based exploration-stage company that is engaged in the acquisition and exploration of mineral properties. The company's projects include Sturgeon Lake VMS, Mattagami River Zinc, and Finland project.

Nortec Minerals (Nortec Minerals) Headlines

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