Copper Lake Resources (TSXV:CPL) Interest Expense : C$0.00 Mil (TTM As of Jan. 2024)

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What is Copper Lake Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Copper Lake Resources's interest expense for the three months ended in Jan. 2024 was C$ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 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. Copper Lake Resources's Operating Income for the three months ended in Jan. 2024 was C$ -0.38 Mil. Copper Lake Resources's Interest Expense for the three months ended in Jan. 2024 was C$ 0.00 Mil. Copper Lake 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.

Copper Lake Resources Interest Expense Historical Data

The historical data trend for Copper Lake 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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Copper Lake Resources Interest Expense Chart

Copper Lake Resources Annual Data

Trend

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Oct23

Interest Expense

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-0.02

-0.03

-0.02

Copper Lake Resources Quarterly Data
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Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Copper Lake 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Copper Lake Resources (TSXV:CPL) 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.

Copper Lake Resources's Interest Expense for the three months ended in Jan. 2024 was C$0.00 Mil. Its Operating Income for the three months ended in Jan. 2024 was C$-0.38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was C$0.00 Mil.

Copper Lake Resources's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Copper Lake Resources had no long-term debt ⁽¹⁾.

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

Good Sign:

Copper Lake Resources Ltd has no debt.

Copper Lake Resources (TSXV:CPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper Lake Resources Ltd (TSXV:CPL) » Definitions » Interest Expense

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WTCZF:USA W0I:Germany

Address

1 King Street West, Suite 4800 - 233, Toronto, ON, CAN, M5H 1A1

Website

https://www.copperlakeresources.com

Copper Lake Resources Ltd is an exploration company based in Canada. It is principally engaged in the business of exploration and development of mineral resource properties. It holds an interest in Norton lake property, Marshall lake property which is located in the north-northeast of Thunder Bay, Ontario. The company operates its business through a single segment being a Mineral exploration in Canada. Its project portfolio includes Mine Lake Gold, Queen Alexandria Gold, Centrefire-Redhat Gold-Copper and Grand Chibougamau Gold Property.

Executives

Terrence Macdonald

Director, Senior Officer