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

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What is Newport Exploration Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Newport 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. Newport Exploration's Operating Income for the three months ended in Jan. 2024 was $ -0.29 Mil. Newport Exploration's Interest Expense for the three months ended in Jan. 2024 was $ -0.00 Mil. Newport 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.

Newport Exploration Interest Expense Historical Data

The historical data trend for Newport 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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Newport Exploration Interest Expense Chart

Newport Exploration Annual Data

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Interest Expense

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-0.01

Newport Exploration Quarterly Data
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Newport 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.

Newport Exploration (OTCPK:NWXPF) 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.

Newport 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 $-0.29 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $0.02 Mil.

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

Newport Exploration did not have earnings to cover the interest expense.

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

Newport Exploration (Newport Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newport Exploration Ltd (OTCPK:NWXPF) » Definitions » Interest Expense

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1XX:Germany NWX:Canada

Address

2168 Marine Drive, Suite 202, Vancouver, BC, CAN, V7V 1K3

Website

https://www.newport-exploration.com

Newport Exploration Ltd is an exploration stage company. It is engaged in the acquisition and exploration of resource properties. Its projects include Cooper Basin in Australia and Chu Chua property in Canada. Newport has royalty interests in producing oil and gas permits in the Cooper Basin, Australia, and a mining project in British Columbia, Canada. Its Cooper Basin project includes EX-PEL 91 OIL and EX-PEL'S 632, 106, and PPL 239-WET GAS, which is located on Western Wet Gas Fairway, Cooper Basin.