GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Faircourt Gold Income Corp (TSX:FGX) » Definitions » Interest Expense

Faircourt Goldome (TSX:FGX) Interest Expense : C$-0.11 Mil (TTM As of Jun. 2024)


View and export this data going back to 2007. Start your Free Trial

What is Faircourt Goldome Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Faircourt Goldome's interest expense for the six months ended in Jun. 2024 was C$ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was C$-0.11 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. Faircourt Goldome's Operating Income for the six months ended in Jun. 2024 was C$ 0.40 Mil. Faircourt Goldome's Interest Expense for the six months ended in Jun. 2024 was C$ -0.05 Mil. Faircourt Goldome's Interest Coverage for the quarter that ended in Jun. 2024 was 8.87. 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.

Faircourt Goldome Interest Expense Historical Data

The historical data trend for Faircourt Goldome'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.

* Premium members only.

Faircourt Goldome Interest Expense Chart

Faircourt Goldome Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.09 -0.08 -0.07 -0.08 -0.13

Faircourt Goldome Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.03 -0.05 -0.06 -0.07 -0.05

Faircourt Goldome 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$-0.11 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.

Faircourt Goldome  (TSX:FGX) 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.

Faircourt Goldome's Interest Expense for the six months ended in Jun. 2024 was C$-0.05 Mil. Its Operating Income for the six months ended in Jun. 2024 was C$0.40 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was C$0.00 Mil.

Faircourt Goldome's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*0.399/-0.045
=8.87

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Faircourt Gold Income Corp interest coverage is 1.51, which is low.

Faircourt Goldome Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Faircourt Gold Income Corp (TSX:FGX) » Definitions » Interest Expense
Comparable Companies
TSXV:SGE XCNQ:TLP.UN TSXV:FW TSXV:ELC TSXV:WI TSXV:CEP XCNQ:SOL TSX:MSRE.UN TSX:BNK TSX:CIQ.UN BLK TSX:BAM.A BX OSTO:INVE A KKR BK APO AMP TROW XSWX:PGHN
Traded in Other Exchanges
N/A
Address
120 Adelaide Street West, Suite 2107, Toronto, ON, CAN, M5H 1T1
Website
https://www.faircourtassetmgt.com
Faircourt Gold Income Corp is a closed-end investment fund/investment trust. The company's investment objective is to provide shareholders with monthly distributions and the opportunity for capital appreciation. It provides investors with exposure to the various companies involved in gold exploration, mining or production, while also providing a tax-efficient yield in the form of monthly distributions. Geographically the group operates throughout the region of Canada.

Faircourt Goldome Headlines

No Headlines