Prime Mining (TSX:PRYM) Interest Expense : C$-0.01 Mil (TTM As of Mar. 2024)

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What is Prime Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prime Mining's interest expense for the three months ended in Mar. 2024 was C$ -0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.01 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. Prime Mining's Operating Income for the three months ended in Mar. 2024 was C$ -7.19 Mil. Prime Mining's Interest Expense for the three months ended in Mar. 2024 was C$ -0.00 Mil. Prime Mining 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.

Prime Mining Interest Expense Historical Data

The historical data trend for Prime Mining'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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Prime Mining Interest Expense Chart

Prime Mining Annual Data

Trend

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Interest Expense

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-0.63

-0.02

Prime Mining Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Prime Mining 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.01 Mil.

Prime Mining (TSX:PRYM) 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.

Prime Mining's Interest Expense for the three months ended in Mar. 2024 was C$-0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$-7.19 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$0.08 Mil.

Prime Mining's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Prime Mining did not have earnings to cover the interest expense.

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

Prime Mining (TSX:PRYM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prime Mining Corp (TSX:PRYM) » Definitions » Interest Expense

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PRMNF:USA O4V3:Germany

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.primeminingcorp.ca

Prime Mining Corp is engaged in the acquisition, exploration, and development of mineral resource properties, primarily targeting high-value and specialty metals. The company's projects include Los Reyes; Magenta and others. The Company has one operating segment, which is the acquisition and exploration of mineral properties.

Executives

Kerry Elwyn Sparkes

Director

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