Archon Minerals (TSXV:ACS) Interest Expense : C$-0.54 Mil (TTM As of Feb. 2024)

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What is Archon Minerals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Archon Minerals's interest expense for the three months ended in Feb. 2024 was C$ -0.13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was C$-0.54 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. Archon Minerals's Operating Income for the three months ended in Feb. 2024 was C$ -0.01 Mil. Archon Minerals's Interest Expense for the three months ended in Feb. 2024 was C$ -0.13 Mil. Archon Minerals 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.

Archon Minerals Interest Expense Historical Data

The historical data trend for Archon Minerals'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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Archon Minerals Interest Expense Chart

Archon Minerals Annual Data

Trend

May14

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May19

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May23

Interest Expense

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-0.74

-0.50

-0.53

-0.54

Archon Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-0.13	-0.14	-0.14	-0.13	-0.13

Archon Minerals 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.54 Mil.

Archon Minerals (TSXV:ACS) 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.

Archon Minerals's Interest Expense for the three months ended in Feb. 2024 was C$-0.13 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-0.01 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$0.00 Mil.

Archon Minerals's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Archon Minerals did not have earnings to cover the interest expense.

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

Archon Minerals (TSXV:ACS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Archon Minerals Ltd (TSXV:ACS) » Definitions » Interest Expense

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Address

323 Jervis Street, Suite 2801, Vancouver, BC, CAN, V6P 3P8

Website

Archon Minerals Ltd is a Canadian based company. It's engaged in mining and exploration of precious stone and metals. The company's primary focus is on the exploration of Diamonds from its Buffer zone project, WO block project and Monument diamond project. The company does not generate cash flows from operations to fund its activities and therefore relies upon the issuance of securities for financing.

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