Omineca Mining and Metals (Omineca Mining and Metals) Interest Expense : $-0.55 Mil (TTM As of Mar. 2024)

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What is Omineca Mining and Metals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Omineca Mining and Metals's interest expense for the three months ended in Mar. 2024 was $ -0.18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-0.55 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. Omineca Mining and Metals's Operating Income for the three months ended in Mar. 2024 was $ -0.16 Mil. Omineca Mining and Metals's Interest Expense for the three months ended in Mar. 2024 was $ -0.18 Mil. Omineca Mining and Metals 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.

Omineca Mining and Metals Interest Expense Historical Data

The historical data trend for Omineca Mining and Metals'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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Omineca Mining and Metals Interest Expense Chart

Omineca Mining and Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.17

-0.67

-0.72

Omineca Mining and Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.17	-0.17	-0.18	-0.18	-0.18

Omineca Mining and Metals 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 $-0.55 Mil.

Omineca Mining and Metals (OTCPK:OMMSF) 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.

Omineca Mining and Metals's Interest Expense for the three months ended in Mar. 2024 was $-0.18 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-0.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $7.41 Mil.

Omineca Mining and Metals's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Omineca Mining and Metals did not have earnings to cover the interest expense.

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

Omineca Mining and Metals (Omineca Mining and Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omineca Mining and Metals Ltd (OTCPK:OMMSF) » Definitions » Interest Expense

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OMM:Canada

Address

224-4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website

https://www.ominecaminingandmetals.com

Omineca Mining and Metals Ltd is a junior gold company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. Its exploration and evaluation properties are classified into two geographical locations, namely British Columbia and the Yukon. The company's properties include the Fraser Canyon, Mouse Mountain, Wingdam and others.

Omineca Mining and Metals (Omineca Mining and Metals) Headlines

From GuruFocus

Omineca Intercepts 8 Meters of 25.41 g/m3 Placer Gold in Geotechnical Drilling from the Wingdam Underground Placer Gold Project

By PRNewswire • 02-12-2024