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QZMRF (Quartz Mountain Resources) Interest Expense : $-0.01 Mil (TTM As of Oct. 2024)


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What is Quartz Mountain Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Quartz Mountain Resources's interest expense for the three months ended in Oct. 2024 was $ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 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. Quartz Mountain Resources's Operating Income for the three months ended in Oct. 2024 was $ -0.08 Mil. Quartz Mountain Resources's Interest Expense for the three months ended in Oct. 2024 was $ -0.00 Mil. Quartz Mountain Resources 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.


Quartz Mountain Resources Interest Expense Historical Data

The historical data trend for Quartz Mountain Resources'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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Quartz Mountain Resources Interest Expense Chart

Quartz Mountain Resources Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Interest Expense
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Quartz Mountain Resources Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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Quartz Mountain Resources 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 Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.01 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.


Quartz Mountain Resources  (OTCPK:QZMRF) 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.

Quartz Mountain Resources's Interest Expense for the three months ended in Oct. 2024 was $-0.00 Mil. Its Operating Income for the three months ended in Oct. 2024 was $-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2024 was $0.01 Mil.

Quartz Mountain Resources's Interest Coverage for the quarter that ended in Oct. 2024 is calculated as

Quartz Mountain Resources did not have earnings to cover the interest expense.

* 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.


Quartz Mountain Resources Business Description

Traded in Other Exchanges
Address
1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1
Quartz Mountain Resources Ltd is in the business of exploring and developing mineral properties in Canada. It is focused on acquiring, exploring, developing, and transacting important scale gold, silver, and copper deposits in British Columbia. The projects that the company holds an interest in are the Maestro project and the Jake project. All the company's assets are located in Canada.