Nihao Mineral Resources International (PHS:NI) Interest Expense : ₱-0.00 Mil (TTM As of Mar. 2024)

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What is Nihao Mineral Resources International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nihao Mineral Resources International'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. Nihao Mineral Resources International's Operating Income for the three months ended in Mar. 2024 was ₱ -0.66 Mil. Nihao Mineral Resources International's Interest Expense for the three months ended in Mar. 2024 was ₱ 0.00 Mil. Nihao Mineral Resources International 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.

Nihao Mineral Resources International Interest Expense Historical Data

The historical data trend for Nihao Mineral Resources International'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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Nihao Mineral Resources International Interest Expense Chart

Nihao Mineral Resources International Annual Data

Trend

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Interest Expense

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-0.29

-0.16

-0.10

Nihao Mineral Resources International Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Nihao Mineral Resources International 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.

Nihao Mineral Resources International (PHS:NI) 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.

Nihao Mineral Resources International'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 ₱-0.66 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱0.00 Mil.

Nihao Mineral Resources International's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Nihao Mineral Resources International had no long-term debt ⁽¹⁾.

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

Nihao Mineral Resources International (PHS:NI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nihao Mineral Resources International Inc (PHS:NI) » Definitions » Interest Expense

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Address

1505 Princeton Street Corner, Shaw Boulevard, Barangay Wack-Wack, Greenhills East, Mandaluyong, PHL, 1552

Website

https://www.nihaominerals.com

Nihao Mineral Resources International Inc is a mining company. It is engaged in exploring, developing, acquiring, and operating nickel properties as well as investing in operating mining companies. It aims to create an integrated mining company with expertise in nickel exploration, access to processing technology, and the potential of its projects.