Balto Resources (TSXV:BAL.H) Interest Expense : C$-0.39 Mil (TTM As of Dec. 2023)

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What is Balto Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Balto Resources's interest expense for the three months ended in Dec. 2023 was C$ -0.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-0.39 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. Balto Resources's Operating Income for the three months ended in Dec. 2023 was C$ -0.05 Mil. Balto Resources's Interest Expense for the three months ended in Dec. 2023 was C$ -0.10 Mil. Balto Resources 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.

Balto Resources Interest Expense Historical Data

The historical data trend for Balto 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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Balto Resources Interest Expense Chart

Balto Resources Annual Data

Trend

Mar14

Mar15

Mar16

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Mar19

Mar20

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Mar23

Interest Expense

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-0.11

-0.16

-0.21

-0.27

-0.34

Balto Resources 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															-0.09	-0.09	-0.09	-0.10	-0.10

Balto 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$-0.39 Mil.

Balto Resources (TSXV:BAL.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.

Balto Resources's Interest Expense for the three months ended in Dec. 2023 was C$-0.10 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$-0.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$0.00 Mil.

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

Balto Resources did not have earnings to cover the interest expense.

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

Balto Resources (TSXV:BAL.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Balto Resources Ltd (TSXV:BAL.H) » Definitions » Interest Expense

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Address

850 West Hastings Street, Suite 600, Vancouver, BC, CAN, V6C 1E1

Website

Balto Resources Ltd operates as a resource property development company. It engages in the process of exploration and evaluating its mineral property. The company holds the majority of the working interest in the SED Mineral claims that cover an area of more than 500 hectares located in the Kamloops Mining Division, British Columbia.

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