SPGX (Sustainable Projects Group) Interest Expense : $-0.14 Mil (TTM As of Sep. 2024)

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What is Sustainable Projects Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sustainable Projects Group'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 $-0.14 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. Sustainable Projects Group's Operating Income for the three months ended in Sep. 2024 was $ -1.12 Mil. Sustainable Projects Group's Interest Expense for the three months ended in Sep. 2024 was $ -0.00 Mil. Sustainable Projects Group 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.

Sustainable Projects Group Interest Expense Historical Data

The historical data trend for Sustainable Projects Group'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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Sustainable Projects Group Interest Expense Chart

Sustainable Projects Group Annual Data

Trend

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Interest Expense

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-0.01

-0.14

Sustainable Projects Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-	-0.14	-	-	-

Sustainable Projects Group 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 $-0.14 Mil.

Sustainable Projects Group (OTCPK:SPGX) 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.

Sustainable Projects Group'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 $-1.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $1.42 Mil.

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

Sustainable Projects Group did not have earnings to cover the interest expense.

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

Sustainable Projects Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sustainable Projects Group Inc (OTCPK:SPGX) » Definitions » Interest Expense

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Address

Tankedraget 7, Aalborg, DNK, DK-9000

Website

https://www.spgroupe.com

Sustainable Projects Group Inc is a pure-play lithium company focused on supplying high-performance lithium compounds to the fast-growing electric vehicle (EV) and broader battery markets. It has developed a proprietary technology to extract lithium from oilfield wastewater, which It believes will enable the company to manufacture lithium compounds quickly, at an attractive cost, and with a minimal environmental footprint, which it expects to provide the company with a competitive advantage over other lithium manufacturers.

Executives

Mathiesen Sune	director, officer: Chairman, President and CEO	HELSTED HUSEVEJ 45, RANDERS G7 8920
Kestrel Flight Fund Llc	10 percent owner	149 MEADOWBROOK ROAD, WESTON MA 02493
Paw Juul	officer: Chief Technology Officer	2316 PINE RIDGE ROAD #383, NAPLES FL 34109
Paul Meier	10 percent owner	STEINLERSTRASSE 18, WANGI V8 9545
Muehlbauer Kurt Manfred Henry	other: Shareholder	12851 CARRINGTON CIR, #203, NAPLES FL 34105
Tiffany Anne Muehlbauer	officer: Chief Operating Officer	12850 CARRINGTON CIR, #102, NAPLES FL 34105
Stefan Muehlbauer	director, officer: Chief Communications Officer	12850 CARRINGTON CIRCLE, #102, NAPLES FL 34105
Christian Winzenried	director, officer: CEO / President	2316 PINE RIDGE ROAD, 383, NAPLES FL 34109
Philip Grothe	director	HAGELSTRASSE 72, DINSLAKEN 2M 46535
Christopher Grunder	10 percent owner	2316 PINE RIDGE ROAD, 383, NAPLES FL 34109
Suha Hachler	director, officer: CFO	403 E. COMMERCE STREET, SAN ANTONIO TX 78205