Advance Lithium (TSXV:AALI.H) Interest Expense : C$-0.01 Mil (TTM As of Feb. 2023)

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What is Advance Lithium Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Advance Lithium's interest expense for the three months ended in Feb. 2023 was C$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2023 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. Advance Lithium's Operating Income for the three months ended in Feb. 2023 was C$ -0.08 Mil. Advance Lithium's Interest Expense for the three months ended in Feb. 2023 was C$ -0.01 Mil. Advance Lithium 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.

Advance Lithium Interest Expense Historical Data

The historical data trend for Advance Lithium'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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Advance Lithium Interest Expense Chart

Advance Lithium Annual Data

Trend

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Interest Expense

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-0.01

-0.03

-0.01

Advance Lithium Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-0.01

Advance Lithium 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 Feb. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.01 Mil.

Advance Lithium (TSXV:AALI.H) 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.

Advance Lithium's Interest Expense for the three months ended in Feb. 2023 was C$-0.01 Mil. Its Operating Income for the three months ended in Feb. 2023 was C$-0.08 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2023 was C$0.00 Mil.

Advance Lithium's Interest Coverage for the quarter that ended in Feb. 2023 is calculated as

Advance Lithium did not have earnings to cover the interest expense.

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

Advance Lithium (TSXV:AALI.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Advance Lithium Corp (TSXV:AALI.H) » Definitions » Interest Expense

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Address

432 Royal Avenue, Kamloops, BC, CAN, V2B 3P7

Website

https://www.advancelithiumcorp.com

Advance Lithium Corp is a junior exploration company focused on exploring and acquiring mineral properties containing lithium, precious metals and fertilizer minerals. The company has approximately 13 lithium-potassium-boron salars and a pilot plant designed and built using a patented extraction method to process lithium in a green manner.

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