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Opawica Explorations (Opawica Explorations) Interest Expense : $0.00 Mil (TTM As of Feb. 2024)


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What is Opawica Explorations Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Opawica Explorations's interest expense for the three months ended in Feb. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 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. Opawica Explorations's Operating Income for the three months ended in Feb. 2024 was $ -0.19 Mil. Opawica Explorations's Interest Expense for the three months ended in Feb. 2024 was $ 0.00 Mil. Opawica Explorations 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.


Opawica Explorations Interest Expense Historical Data

The historical data trend for Opawica Explorations'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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Opawica Explorations Interest Expense Chart

Opawica Explorations Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Interest Expense
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Opawica Explorations Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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Opawica Explorations 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

* 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.


Opawica Explorations  (OTCPK:OPWEF) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Opawica Explorations's Interest Expense for the three months ended in Feb. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Feb. 2024 was $-0.19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $0.00 Mil.

Opawica Explorations's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Opawica Explorations had no long-term debt (1).

* 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.

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. Opawica Explorations Inc has enough cash to cover all of its debt. Its financial situation is stable.


Opawica Explorations (Opawica Explorations) Business Description

Traded in Other Exchanges
Address
625 Howe Street, Suite 488, Vancouver, BC, CAN, V6C 2T6
Opawica Explorations Inc is a Canadian-based company engaged in the business of exploration and evaluation of mineral properties. The company owns an interest in several properties including, Arrowhead Gold Property, Bazooka East Gold Property, Bazooka West Gold Property, and others.

Opawica Explorations (Opawica Explorations) Headlines