Red Metal Resources (Red Metal Resources) Interest Expense : $-0.14 Mil (TTM As of Jan. 2024)

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What is Red Metal Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Red Metal Resources's interest expense for the three months ended in Jan. 2024 was $ -0.04 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-0.14 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. Red Metal Resources's Operating Income for the three months ended in Jan. 2024 was $ -0.07 Mil. Red Metal Resources's Interest Expense for the three months ended in Jan. 2024 was $ -0.04 Mil. Red Metal 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.

Red Metal Resources Interest Expense Historical Data

The historical data trend for Red Metal 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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Red Metal Resources Interest Expense Chart

Red Metal Resources Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-0.06

-0.08

-0.09

-0.12

-0.14

Red Metal Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-0.03	-0.03	-0.04	-0.04	-0.04

Red Metal 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.14 Mil.

Red Metal Resources (OTCPK:RMESF) 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.

Red Metal Resources's Interest Expense for the three months ended in Jan. 2024 was $-0.04 Mil. Its Operating Income for the three months ended in Jan. 2024 was $-0.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $0.00 Mil.

Red Metal Resources's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Red Metal Resources did not have earnings to cover the interest expense.

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

Red Metal Resources (Red Metal Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Metal Resources Ltd (OTCPK:RMESF) » Definitions » Interest Expense

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RMES:Canada

Address

1130 West Pender Street, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://www.redmetalresources.com

Red Metal Resources Ltd is involved in acquiring and exploring mineral properties in Chile. The company's interest in exploration and evaluation assets consisted of three active copper-gold projects on two properties, namely the Farellon and Perth Projects both located on the Carrizal Property, and the Mateo Project located on the Mateo Property.

Executives

Richard Jeffs	10 percent owner	FLAT 7, 6 ENNISMORE GARDENS, LONDON X0 SW7 1NL
Caitlin Jeffs	director	195 PARK AVENUE, THUNDER BAY A6 P7B 1B9
Jeffrey Cocks	director	118 8TH AVE. NW, CALGARY A0 T2M 0A4
Michael Thompson	director	195 PARK AVENUE, THUNDER BAY A6 P7B 1B9
Mcfarlane Cody Michael	director	PUNTA NOGALES 1324, HOUSE 19, SANTIAGO F3 000000
Joao Dacosta	officer: Chief Financial Officer	#810 - 789 WEST PENDER STREET, VANCOUVER A1 V6C 1H2
Susan Jeffs	10 percent owner	4 MONTPELIER STREET, SUITE 521, LONDON X0 SW7 1EE
Robert Andjelic	10 percent owner	P.O. BOX 69, MILLARVILLE A0 1KO
Laboa Holdings Inc.	10 percent owner	SUITE 1-A, #5, CALLE EUSEBIO A. MORALES, EL CANGREJO, PANAMA CITY R1 00000
Kevin Mitchell	10 percent owner	ALONSO DE ERCILLA #733, VALLENAR F3 00000
Cicco John Di	director, 10 percent owner, officer: CEO, President, and CFO	10168 LAWSON DRIVE, RICHMOND A1 V7E 5M3