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Canada Nickel Co (TSXV:CNC) Interest Expense : C$-3.12 Mil (TTM As of Jul. 2024)


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What is Canada Nickel Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canada Nickel Co's interest expense for the three months ended in Jul. 2024 was C$ -1.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2024 was C$-3.12 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. Canada Nickel Co's Operating Income for the three months ended in Jul. 2024 was C$ -3.42 Mil. Canada Nickel Co's Interest Expense for the three months ended in Jul. 2024 was C$ -1.08 Mil. Canada Nickel Co 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.

Canada Nickel Co Interest Expense Historical Data

The historical data trend for Canada Nickel Co'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.

Canada Nickel Co Interest Expense Chart

Canada Nickel Co Annual Data
Trend Oct20 Oct21 Oct22 Oct23
Interest Expense
- - -0.99 -2.28

Canada Nickel Co Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -0.99 -0.95 -0.10 -1.08

Canada Nickel Co 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-3.12 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.

Canada Nickel Co  (TSXV:CNC) 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.

Canada Nickel Co's Interest Expense for the three months ended in Jul. 2024 was C$-1.08 Mil. Its Operating Income for the three months ended in Jul. 2024 was C$-3.42 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2024 was C$0.16 Mil.

Canada Nickel Co's Interest Coverage for the quarter that ended in Jul. 2024 is calculated as

Canada Nickel Co did not have earnings to cover the interest expense.

* 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.

Canada Nickel Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Nickel Co Inc (TSXV:CNC) » Definitions » Interest Expense
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Traded in Other Exchanges
CNIKF:USA 4E0:Germany
Address
130 King Street West, Suite 1900, Toronto, ON, CAN, M5X1E3
Website
https://www.canadanickel.com
Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. The firm is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific - mining camp.
Executives
Francisca Helena Quinn Director
Michael James Cox Director
Jennifer Edith Morais Director
Adam Paul Schatzker Senior Officer
Mark Thomas Henry Selby Director, Senior Officer
Christian Brousseau Senior Officer
Stephen James Balch Senior Officer
Pierre-philippe Dupont Senior Officer
Wendy Kaufman Senior Officer
James Russell Starr Director
John Joseph Leddy Director, Senior Officer