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Awale Resources (TSXV:ARIC) Interest Expense : C$0.00 Mil (TTM As of Dec. 2023)


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What is Awale Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Awale Resources's interest expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$0.00 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. Awale Resources's Operating Income for the three months ended in Dec. 2023 was C$ -0.48 Mil. Awale Resources's Interest Expense for the three months ended in Dec. 2023 was C$ 0.00 Mil. Awale Resources has no long-term debt (1). 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.


Awale Resources Interest Expense Historical Data

The historical data trend for Awale Resources'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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Awale Resources Interest Expense Chart

Awale Resources Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
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Awale Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Awale Resources 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$0.00 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.


Awale Resources  (TSXV:ARIC) 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.

Awale Resources's Interest Expense for the three months ended in Dec. 2023 was C$0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-0.48 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.00 Mil.

Awale Resources's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Awale Resources had no long-term debt (1).

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Awale Resources Ltd has enough cash to cover all of its debt. Its financial situation is stable.


Awale Resources (TSXV:ARIC) Business Description

Traded in Other Exchanges
Address
625 Howe Street, Suite 1020, Vancouver, BC, CAN, V6C 2T6
Awale Resources Ltd is engaged in gold exploration in Cote d'Ivoire. The company projects include Bondoukou, Odienne, and Abengourou.
Executives
Robin Jonathan Eckford Birchall Director
Andrew Chubb Director, Senior Officer
Derk Hartman Director
Kathryn Ellen Witter Senior Officer

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