Abacus Mining & Exploration (TSXV:AME) Interest Expense : C$-2.53 Mil (TTM As of Dec. 2023)

View and export this data going back to 1984. Start your Free Trial

What is Abacus Mining & Exploration Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Abacus Mining & Exploration's interest expense for the three months ended in Dec. 2023 was C$ -0.67 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-2.53 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. Abacus Mining & Exploration's Operating Income for the three months ended in Dec. 2023 was C$ -0.12 Mil. Abacus Mining & Exploration's Interest Expense for the three months ended in Dec. 2023 was C$ -0.67 Mil. Abacus Mining & Exploration 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.

Abacus Mining & Exploration Interest Expense Historical Data

The historical data trend for Abacus Mining & Exploration'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.

Abacus Mining & Exploration Interest Expense Chart

Abacus Mining & Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-1.63

-1.79

-1.97

-2.26

-2.53

Abacus Mining & Exploration Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.57	-0.59	-0.62	-0.66	-0.67

Abacus Mining & Exploration 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-2.53 Mil.

Abacus Mining & Exploration (TSXV:AME) 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.

Abacus Mining & Exploration's Interest Expense for the three months ended in Dec. 2023 was C$-0.67 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-0.12 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.00 Mil.

Abacus Mining & Exploration's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Abacus Mining & Exploration did not have earnings to cover the interest expense.

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

Abacus Mining & Exploration (TSXV:AME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Abacus Mining & Exploration Corp (TSXV:AME) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ABCFF:USA

Address

1050 West Pender Street, Suite 1000, Vancouver, BC, CAN, V6E 3S7

Website

https://www.amemining.com

Abacus Mining & Exploration Corp is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties in Canada. It's mineral exploration and development operations are in the United States. Some of the company's projects are the Willow Project and Ajax Copper-Gold Project.