RIINF (Canadian Critical Minerals) Interest Expense : $-0.25 Mil (TTM As of Aug. 2024)

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What is Canadian Critical Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canadian Critical Minerals's interest expense for the three months ended in Aug. 2024 was $ -0.02 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2024 was $-0.25 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. Canadian Critical Minerals's Operating Income for the three months ended in Aug. 2024 was $ -0.34 Mil. Canadian Critical Minerals's Interest Expense for the three months ended in Aug. 2024 was $ -0.02 Mil. Canadian Critical Minerals 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.

Canadian Critical Minerals Interest Expense Historical Data

The historical data trend for Canadian Critical Minerals'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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Canadian Critical Minerals Interest Expense Chart

Canadian Critical Minerals Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Interest Expense

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-1.01

-0.99

-0.66

-0.39

-0.29

Canadian Critical Minerals Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Interest Expense	Get a 7-Day Free Trial															-0.07	-0.12	-0.05	-0.06	-0.02

Canadian Critical Minerals 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.25 Mil.

Canadian Critical Minerals (OTCPK:RIINF) 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.

Canadian Critical Minerals's Interest Expense for the three months ended in Aug. 2024 was $-0.02 Mil. Its Operating Income for the three months ended in Aug. 2024 was $-0.34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2024 was $0.00 Mil.

Canadian Critical Minerals's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

Canadian Critical Minerals did not have earnings to cover the interest expense.

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

Canadian Critical Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian Critical Minerals Inc (OTCPK:RIINF) » Definitions » Interest Expense

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N6K:Germany CCMI:Canada

Address

16th Street NW, Suite 2520, Calgary, AB, CAN, T2M 3R2

Website

https://www.canadiancriticalmineralsinc.com

Canadian Critical Minerals Inc is a mining company focused on two near-term copper production assets in Canada. The company's main asset is the 100% owned Bull River Mine project near Cranbrook, British Columbia which has a mineral resource containing copper, gold, and silver. The group's 100% owned Thierry Mine project has a mineral resource containing copper, nickel, palladium, platinum, gold, and silver.

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