NSRCF (NextSource Materials) Interest Expense : $-0.29 Mil (TTM As of Sep. 2024)

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What is NextSource Materials Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NextSource Materials's interest expense for the three months ended in Sep. 2024 was $ -0.34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-0.29 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. NextSource Materials's Operating Income for the three months ended in Sep. 2024 was $ -2.72 Mil. NextSource Materials's Interest Expense for the three months ended in Sep. 2024 was $ -0.34 Mil. NextSource Materials 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.

NextSource Materials Interest Expense Historical Data

The historical data trend for NextSource Materials'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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NextSource Materials Interest Expense Chart

NextSource Materials Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Interest Expense

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-0.01

-0.44

-0.27

NextSource Materials Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.32	-0.02	-0.37	0.44	-0.34

NextSource Materials 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.29 Mil.

NextSource Materials (OTCPK:NSRCF) 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.

NextSource Materials's Interest Expense for the three months ended in Sep. 2024 was $-0.34 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-2.72 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $18.50 Mil.

NextSource Materials's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

NextSource Materials did not have earnings to cover the interest expense.

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

NextSource Materials Business Description

Industry

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

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1JWA:Germany NEXT:Canada

Address

130 King Street West, Exchange Tower, Suite 1940, Toronto, ON, CAN, M5X 2A2

Website

https://www.nextsourcematerials.com

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The Company has two operating segments, consisting of mine development and BAF development. No commercial revenues have been generated by the Companys' segments. The company's Molo graphite project in Madagascar is one of the widely known and highest-quality graphite deposits globally and contains SuperFlake graphite. The company also holds an interest in Green Giant Vanadium Project. Maximum of revenue is earned from Canada, followed by Madagascar, and Mauritius.

Executives

Marc Johnson	officer: Chief Financial Officer	2709-25 CAPREOL COURT, TORONTO A6 M5V3Z7
Robin Borley	director	PO BOX 7377, SECUNDA T3 2302
Dino Arduino Comand	director	131 GARDEN AVENUE, ANCASTER A6 L9G4V9
Dalton Leroy Larson	director	3629 CANTERBURY DRIVE, SURREY A1 V3Z 0X5
Vr Capital Holdings Ltd.	10 percent owner	C/O INTERTRUST CORPORATE SVCS (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Vr Capital Participation Ltd.	10 percent owner	C/O INTERTRUST CORPORATE SVCS (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Richard Deitz	10 percent owner	NIDDRY LODGE, 51 HOLLAND STREET, LONDON X0 W8 7JB
Vr Capital Group Ltd.	10 percent owner	DUBAI INTERNATIONAL FINANCIAL CENTRE, GATE VILLAGE BLDG. 4, SUITE 402, DUBAI C0 506755
Vr Global Partners, L.p.	10 percent owner	INTERTRUST CORPORATE SERVICES (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Vr Advisory Services Ltd	10 percent owner	INTERTRUST CORPORATE SERVICES (CAYMAN), ONE NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9005
Thiess Albert Adolph Jr.	director	8 LAWSON'S POND, BLUFFTON SC 29910
De Bruin Johann K.	director	1283 DUNWOODIE AVENUE, WAVERLEY T3 XXXXX
Richard Quesnel	director	SUITE 520, 141 ADELAIDE STREET WEST, TORONTO A6 M5H 3L5
Peter D Liabotis	officer: VP Finance	SUITE 520, 141 ADELAIDE STREET WEST, TORONTO A6 M5H 3L5
Craig S Scherba	director, officer: VP - Exploration	SUITE 520, 141 ADELAIDE STREET WEST, TORONTO A6 M5H 3L5