REMRF (Atlaslt) Interest Expense : $0.00 Mil (TTM As of Sep. 2024)

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What is Atlaslt Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Atlaslt's interest expense for the three months ended in Sep. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 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. Atlaslt's Operating Income for the three months ended in Sep. 2024 was $ -0.60 Mil. Atlaslt's Interest Expense for the three months ended in Sep. 2024 was $ 0.00 Mil. Atlaslt 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.

Atlaslt Interest Expense Historical Data

The historical data trend for Atlaslt'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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Atlaslt Interest Expense Chart

Atlaslt Annual Data

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Interest Expense

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Atlaslt Quarterly Data
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Atlaslt 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Atlaslt (OTCPK:REMRF) 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.

Atlaslt's Interest Expense for the three months ended in Sep. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-0.60 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0.00 Mil.

Atlaslt's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Atlaslt had no long-term debt ⁽¹⁾.

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

Good Sign:

Atlas Salt Inc has no debt.

Atlaslt Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlas Salt Inc (OTCPK:REMRF) » Definitions » Interest Expense

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9D00:Germany SALT:Canada

Address

100 New Gower Street, Suite 910, St. John's, NL, CAN, A1C 6K3

Website

https://www.atlassalt.ca

Atlas Salt Inc is engaged in evaluation and exploration of mineral properties in Newfoundland and Labrador. The companies principal asset is the Great Atlantic salt deposit project located in the St George Basin of western Newfoundland.